Stockland is expanding its participation in the Over 55s housing market with ambitions to open 10 land lease communities in the coming years.
As we reported HERE, ‘Thrive Nirimba’, located within its $5 billion Aura community near Caloundra on the Sunshine Coast, only began construction in October last year, and commenced sales in late February. They achieved 25 sales in the first five weeks.
It will consist of 244 homes and community facilities built on its 2,400ha AURA greenfield development. The LLC homes in the first stage will be sold for around $460,000, about $100,000 less than surrounding homes.
Stockland has a pipeline of 3,000 LLC home sites across 10 projects nationally and speaks to more acquisitions.