Retirement villages are booming as the development trend of aged-care facilities in various Brisbane suburbs continues. In Corinda, the Stage 2 development of Kingsford Terrace on Cliveden Avenue by Aura Holdings is well underway. Queensland construction company McNab is handling the second stage of development in coordination with O’Neill Architecture.
Kingsford Terrace is a luxury retirement community. Now offering units from their Litchfield building, the development boasts of amenities for residents that provide a coastal feel and elegant amenities. Apartments come in one to three bedrooms. Kingsford Terrace is also conveniently located near medical services, sporting clubs and shops.
Along with that, a 53-apartment building named Duporth is also due for completion by mid-2018. This building will consist of studio, two and three bedroom apartments.
State-of-the-art luxury amenities such as a heated pool, gym, beauty & hair salon, library, cafe, and dining & function rooms are also expected to be completed mid-2018.
The Brisbane City Council sees a 50% rise by 2027 on the demand for retirement and aged care housing. The boom in retirement facilities is also because of retirees wanting to live close to family and friends, a far cry from the days when retirees went off-grid. Now, they can still continue with their lives in their suburb as more developers start to build retirement facilities within the suburban ring.