The significant $250M Hope Island (Gold Coast) retirement development by Reside Communities has hit achieved practical completion and 60% pre-sales.  

Its public launch is scheduled for 24 August, with pricing at a 30% premium to Stage 1, which recently won the Master Builders Queensland Gold Coast Housing & Construction award for Community Accommodation. 

Tower 2 has 77 waterfront apartments with design and interior work by ThomsonAdsett. 

Reside Communities will build five towers with a total of 300 apartments at Esperance, including more than one hectare of green space alongside 150 metres of water frontage.   

Glen Brown’s Reside Communities entered the market five years ago in March 2019 and now has a pipeline of approximately 1,000 village homes. 

Glen was an FKP/Aveo alumni along with Tim Russell and joined him (and Mark Taylor) on the journey to grow RetireAustralia (previously Meridian) from scratch to the fourth largest village operator in the country. It was sold to the New Zealanders in 2015. 

Reside is funded by Brisbane-based GreenFort Capital and $11B Hong Kong property fund Gaw Capital Partners. 

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