Two golf courses make up a 90-hectare site which has opened up for land lease community development at Hervey Bay on Queensland’s Fraser Coast.
Hervey Bay, where over-50s reportedly make up approximately half of the population, has more than 10 retirement villages and land lease communities. As there are around 30,000-40,000 seniors in the area, there has been high demand for retirement living; this, coupled with construction constraints, has led to long wait lists, according to Paul Capper of Bespoke Realty Services.
“Recognising the need to provide more land for this growing demand, the Fraser Coast Regional Council has recently approved a 90ha site in the Northern Beaches suburb of Craignish." he said.
“Currently two older golf courses, the approval makes way for an integrated master planned development that could be Australia’s biggest and possibly most prestigious LLC site.”
Paul tells The Weekly SOURCE that Hervey Bay and the Fraser Coast, situated around 290km north of Brisbane, have become a magnet for downsizers.
“Probably more people live in over-50s gated communities per head of population than anywhere else in Australia." he said.
“Especially since the COVID lockdowns, the baby boomer generation is making the migration to places north to put down new roots and enjoy the freedoms brought about by empty-nesting.”
Serenitas and Ingenia are among the LLC operators that have recently opened up shop in Hervey Bay.
