The Pavilion North Kirra, 30km south of Surfers Paradise in Queensland, has smashed sales records after selling out Stage One before it was fully completed.
Aura Holdings director Tim Russell said The Pavilion had exceeded all expectations and defied COVID doom and gloom because of what it had to offer prospective residents.
“The Pavilion is addressing the gap in the market for a safe, maintenance-free lifestyle for over-60s and is the only retirement village east of the Gold Coast Highway,” Mr Russell said.
Aura Holdings fast-tracked stage two after the overwhelming popularity of Stage One, which saw 85% of apartments and penthouses in the 10-storey development sold during pre-release.
The village has 68 one, two and three-bedroom apartments over 10 storeys on the 2025sq m site, offering open ocean views of the southern end of the Gold Coast.
Designed by O’Neill Architecture and built by Woollam Constructions, the apartments are priced from $495,000 to $1.28 million in stage one and $540,000 to $1.8 million for Stage Two.
More than 50% of the 73 apartments in Stage Two have already been reserved with Stage One due for completion by September 2021.
Aura Holdings has six village projects in various stages of development in southeast QLD and was founded in 2016 by Tim Russell and Mark Taylor.
