Brisbane Housing Company Set to Enter the Retirement Village Market at Sherwood

Brisbane Housing Company (BHC), a leading provider of innovative affordable housing in Queensland, will be providing an affordable senior’s vertical community at 14-22 Hood Street, Sherwood.

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The retirement village called Arbor aims to facilitate inclusiveness and socialisation. Plans for the development were already finalised and it will include a number of communal spaces, with recreational levels provided at each level, thus encouraging interaction and socialisation within the development.

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The development will also have elevated outdoor spaces to provide an integrated building that is enjoyable and usable all year round. Semi-outdoor spaces will cater to the subtropical environment and foster the connective indoor and outdoor nature of many Queensland style homes.

Arbor will have 52 apartments with 14 1.5 bedroom apartments and 38 2 bedroom apartments. BHC will offer market competitive apartment living priced at $350,000 – $450,000 and can go as low as $200,000 for true needs clients in a community where the local median home value is $800,000 – $850,000.

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BHC designed Arbor’s DMF (Deferred Management Fee) contract to minimise the impact of regular fees on the pension. They are also working with Hynes Legal to deliver a range of financial options which will include strategies to deliver rental support.

BHC is focused on building and maintaining quality affordable homes for people in need and engaging with and supporting people to sustain their tenancies. They were able to build and manage 1,300 apartments for affordable rental. BHC also manages a further 250 properties under the NRAS (National Rental Affordability Scheme) investment plan and has sold 300 homes into the market.

Established in 2002 with a QLD Government and Brisbane City Council funding of  $40 million, the BHC provides inner and middle ring housing for essential service workers.