
GemLife Accelerates Retirement Community Development Amid Growing Demand
GemLife is moving quickly to build its third over-50s community in Moreton Bay, investing $428 million into the new Elimbah project just two months after securing approval. The development is set to address the increasing demand for downsizer housing in the area, an issue deemed crucial as the region faces significant population growth.
Addressing the Housing Gap for Downsiziers
Localized data highlights a considerable shortfall in housing options for individuals looking to downsize. Moreton Bay Mayor Peter Flannery emphasized the importance of having diverse housing solutions, stating, “This project brings housing relief to the area, especially people looking to downsize.” This new community, located a mere 9 km north of Caboolture, aims to provide not only homes but also vital services that complete the living experience.
The Vision Behind GemLife Elimbah
GemLife's CEO, Adrian Puljich, shared that the Elimbah complex, with its 404 homes and emphasis on health and wellness infrastructure, is designed to cater to the needs of those who desire a relaxed lifestyle. “The semi-rural location of GemLife Elimbah will make it highly desirable for those wanting a relaxed lifestyle, close to all the action – it really is the best of both worlds,” he noted. This aligns with their existing communities, promoting well-being and connection among residents.
Building Local Community and Infrastructure
This development not only brings new homes but also includes $20 million in luxury resident facilities and improvements to local infrastructure, such as road enhancements. Over 320 construction jobs from the local area will form part of this project’s extensive impact, fostering both economic growth and community spirit.
Future Prospects for Moreton Bay
As the first homes are set to be completed within the year, additional inquiries from prospective residents in nearby regions are already flowing in. This surge of interest indicates a strong market drive for retirement living spaces that complement existing lifestyle needs. “There’s a huge need for this style of living in Moreton Bay, with supply not keeping pace with the high demand,” Puljich remarked.
Conclusion: A Growing Opportunity
GemLife Elimbah is more than just a housing development; it's a reflection of evolving lifestyles in response to market demand. As Moreton Bay continues to expand, developments like this may be pivotal in reshaping the real estate landscape. With the strategic planning combined with local input, the community is set to flourish, offering both sanctuary and connection for its residents.
Write A Comment