More than 200 homes are being built for retirees in the Sunshine Coast, as part of a bid to free up land for hopeful homeowners to make their first purchase.
Property Developer Stockland announced the first round of sales for its Halcyon Dales project: creating 212 over 50s homes at the foot of the Glass House Mountains.
The first release of 13 turnkey homes will launch at a private event on January 30, followed by public access in early February.
The average home size will be around 210 sqm, with prices beginning in the early $800,000 range.
The 15-hectare development was designed to meet rising demand for land lease communities in Queensland: areas where you own the home on the land, but the land itself is leased out from the community operator.
This often means buyers in these communities avoid paying costs such as stamp duty fees, body corporate fees or council rates.
Stockland also guaranteed a 9-month build time after a home was purchased, meaning those who buy these homes will be able to move into them within the year.
Stockland Director Andrew Astorquia said with a rising senior population, the land lease model stood out as an affordable solution for Australia’s housing demand.
“There are many benefits of land lease communities to Queenslanders,” he said. “For the buyer, the model allows them to free up equity from their existing homes and live in a high-quality, low-maintenance home with access to premium facilities. In addition, as buyers sell their existing homes, they help replenish the broader housing market, which provides opportunities for families or other buyers to enter the market.”
Stockland research found the over 50s population of Australia was projected to grow by 1.8 per cent annually over the next ten years – faster than the overall population growth by 0.4 per cent.
Meanwhile, Queensland alone was found to have a projected annual growth of 1.9 per cent.
“By catering to this demographic, Queensland is setting a benchmark for how states can address the changing housing and lifestyle needs of the modern retiree and right-sizer, while also freeing up additional stock to address the housing shortage.”
Queensland currently accounts for 50 per cent of all newly developed land lease homes nationwide. Halcyon Dales is one of Stockland’s several land lease developments in the Sunshine Coast.
Aside from several community features, homes in Halcyon Dales will each feature a 7-star Nationwide House Energy Rating Scheme (NatHERS) rating.
“A 7-star NatHERS rating signifies a high level of energy efficiency so homeowners have the opportunity to save on their utility bills,” Mr Astorquia said.
He added the homes will also meet Silver Level standards under Australia’s Liveable Housing guidelines, allowing for greater accessibility and disability accommodations.
“Modern retirees and people looking to “right-size” are eager to future proof ageing in place,” he said. “By combining 7-star efficiency with the silver level practical features, these homes offer long-term comfort, sustainability, and convenience for our homeowners for years to come.”
Construction of the first batch of homes began on January 13. Upgrades to the Steve Irwin Way intersection are also on track to begin in January, allowing driver access to the community.
Monthly releases of 6 to 10 home sales are planned moving forward, with the final sales expected by mid to late 2027.
Expressions of interest are currently open.