Aura Holdings plans a 32-floor vertical retirement village on the Gold Coast

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Aura Holdings’ Co-Founder and Director Tim Russell has revealed the retirement village operator has a new undeveloped site at the northern end of Queensland’s Gold Coast.

“I can say that we have a site on the northern end of the Gold Coast for 94 high-end apartments. We have done very well on the southern end. I can’t say anything more at this stage,” said Tim.

It is, in fact, Laura Gnibus’ land at Budds Beach, which previously had approval for a 46-storey high residential tower. Now she’s shaken hands on an $8.226 million deal with Aura Holdings.

Aura will, subject to development approval, construct a building with 94 apartments, including sub-penthouses and penthouses.

In addition, Aura’s four-storey Somerset Indooroopilly (pictured below), situated within Indooroopilly Golf Club, 8km west of Brisbane’s CBD, opened last week with 60% of the first stage sold and 40% of the unbuilt second stage reserved. 80 apartments and penthouses, built by Woollam Constructions and designed by Cox Architecture, are in the first stage, with another 88 to be built.

“We are selling six properties a month at Somerset Indooroopilly and we are very happy with how the medium density project is going,” said Tim.

Somerset Indooroopilly’s two-bedroom, three-bedroom and four-bedroom penthouses are priced from $750,000 to $1.6 million. A northeast-facing penthouse of 260msq with four bedrooms, two bathrooms and two parking spaces is “price on application.”