The Queensland-based operator has fast-tracked the final stage of its vertical beachside village The Pavilion at North Kirra, 30km south of Surfers Paradise, after notching up $40 million in sales for stage 1.
The first stage – due for completion next year – saw 85% of apartments and penthouses in the 10-storey development sold on their pre-release.
Designed by O’Neill Architecture and built by Woollam Constructions, the two and three-bedroom apartments are priced from $495,000 to $1.28 million in stage one and $540,000 to $1.8 million for stage two.
The Gold Coast City Council approved stage two last week with Aura pre-releasing them to its database and expressions of interest now being taken from the public.
Aura Holdings director Tim Russell said their developments were finding appeal with retirees during COVID-19.
“Our residents in Aura’s established communities have expressed their great satisfaction and appreciation of the support they received during the health crisis while many were able to live comfortably with their immediate needs met in their own apartments supported by their village managers, other staff and fellow residents.”
Aura Holdings has six village projects in various stages of development in southeast QLD and was founded in 2016 by Tim Russell and Mark Taylor.