Provider Aura “cannot meet demand fast enough” in “hot” Corinda, QLD

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Queensland retirement living provider Aura Holdings has launched Stage Six of its Kingsford Terrace Corinda community in Brisbane with fast-tracked Stage Four sold out and only seven apartments left in fast-tracked Stage Five.

Stage Six, Taylor, will provide 48 independent living apartments, priced from $690,000 to a $1.425 million penthouse, in the suburb 12.8km southwest of Brisbane’s CBD, where apartment prices have risen almost 17% in the past 12 month, compared with an average 8% across Brisbane apartments, according to RP Data.

A penthouse with total floor space of 265sqm (221sqm interior) has sold off-the-plan in the Stage 5 building, Lingrove, for $1.72 million. It will have three bedrooms, three bathrooms, a multi-purpose room, kitchen and butler’s pantry and multiple balconies.

“Today’s retirees won’t compromise on their standard of living when they downsize, so at Aura Holdings we are providing a range of apartments in the sizes and quality they have told us they wanted. The apartments in Taylor have really been designed for the ‘wow factor’,” Aura Holdings Director Mark Taylor said.

The medium price for a three-bedroom unit in Corinda is $520,000, according to realestate.com.au.

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