Catering to the top end of the market, Grand Pacific has released its plans for its Mount Martha development of 409 ILUs priced at an average of $500,000. The village will consist of 15 buildings, each of 3 stories and range from studios to 3 bedroom apartments. They have just released the neighbouring waterfront townhouses and are achieving sales at $3.5 million each.
In Queensalnd their 25 level retirement tower at Marine Parade, Southport has delivered 40 sales with 9 months of construction still to go. Sales have been priced from $395,000 to $2.6 million.
DIGITAL EDITION
Think big. Think care campuses.
The gnarly problem: the lack of new ageing accommodation infrastructure over 20 years has hit the Baby Boomer demand bubble. Bad outcomes for old people are accelerating. Planning approval hurdles are cited as the root cause. Delay and bureaucratic...