With record sales across its communities, Queensland retirement living operator Aura Holdings is taking the village model to new heights with its latest retirement development.
In April, Aura revealed plans for the 32-storey retirement village at Surfers Paradise on the northern end of the Gold Coast.
The group has since lodged a development application to build 94 apartments over the development, including two levels of community facilities and three levels of basement parking.
Despite its impressive height, however, Aura Holdings Director and Co-Founder Tim Russell (pictured right) says this latest development is more about achieving the best return on the site than trying to break records.
“There was an existing residential DA that was 46 levels, so we have reduced the envelope. But the size is driven by where we see the market and the pre-sales for that site going,” he said.
Aura also has six communities in varying stages of development across southeast Queensland – and record sales across its villages.
You can read the full story with Tim in this week’s New Communities issue of SATURDAY, out Saturday 6 August – SUBSCRIBE HERE.
You can also hear Tim speak at the inaugural MASTERCLASS – New Communities, Wednesday 12 October 2022 at Dolton House Darling Island Wharf Sydney. Find out more HERE.