It is becoming common to see advertisements for land lease developments for retirees on realestate.com.au and domain.com.au.
Ingenia Lifestyle's first collection of 32 two- and three-bedroom homes at its "boutique” Element Fullerton Cove, Port Stephens, NSW, are now selling for $720,000. On real estate websites they are from $765,000 to $1,047,000.
A sod turning ceremony (pictured) has been held for the Wellness Clubhouse designed by project architect DKO, with landscaping by Group GSA, and to be built by North Construction & Building. Set for completion in December 2024, it will focus on resident wellness and incorporate a range of environmentally sustainable features.
The community will feature Geothermal heating and cooling, with the clubhouse having two 5,000 litre underground rainwater tanks.
Ingenia Communities’ Head of Development – NSW and VIC, Michael Rabey, said the Clubhouse will be split into two buildings with one having gym facilities, changing rooms, a yoga and Pilates studio, a steam room and craft studio. The other will have an outdoor resort pool and spa, shared kitchen and indoor lounge spaces, designated games and bar room, cinema and workshop space.
Upon completion, Element Fullerton Cove will have 122 homes, with the first residents moving in by May 2024.
Ingenia Lifestyle has also launched its Drift village, south of Bargara’s town centre, Bundaberg, QLD, with two-bedroom, two-bathroom homes from $699,000 and three-bedroom, two-bathroom homes from $875,000.
