Why Keyton's Bernborough Ascot development in Brisbane is a winner
Keyton sells out second tower at racecourse retirement precinct
- Sell-out success: All 53 apartments at Poinciana House snapped up within a year
- Vertical living boom: Demand surges for inner-city retirement apartments
- Luxury lifestyle: Residents drawn to resort amenities and racecourse views
- Pipeline grows: Third tower already under construction at Bernborough Ascot
It was on 7 May 2025 that Queensland’s Health Minister, Tim Nicholls, officially opened the second tower at Australia’s first vertical retirement community within a racecourse.
Now, 12 months later, all 53 apartments in the third tower, Poinciana House, at Bernborough Ascot, in Brisbane’s inner north, have been sold. The building includes an indoor heated pool, gym, fitness studio, sauna, café and dining spaces, plus rooftop terrace with city and trackside views, a bowling green, art studio, private theatre and resident lounges.
Keyton’s first vertical retirement building at Bernborough Ascot, Fig Tree House, which features 69 one-, two- and three-bedroom apartments, was completed in June 2023.
The complex is located beside Brisbane Racing Club's Doomben Racecourse, in the suburb of Ascot, 8km from the Brisbane CBD, and offers racecourse and city views.
Another two buildings are planned, with the third, Magnolia House (69 two- and three-bedroom apartments and three penthouses), is under construction with completion expected in January 2028. Off-plan sales for this building will start in October 2026.
There are 338 apartments planned in total across all buildings, with the highest price to date $1.9 million.
Keyton Chief Executive Officer, Nathan Cockerill, said the strong response to Poinciana House reflects a clear shift in what older Australians now want from retirement living.
“Many retirees want to live closer to the action and are choosing to stay close to the city, to services and to family, while also looking for homes that are secure, low maintenance and designed for the long term,” he said.
Nathan said vertical design was central to delivering this type of amenity in locations where traditional retirement village formats were no longer practical.
“Vertical living allows us to bring lifestyle, wellness and community together under one roof, in locations where traditional sprawling low-rise retirement villages simply aren’t possible,” he said.
“It’s not about density for its own sake — it’s about creating places where people can live well, stay active and remain connected as they age.”
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