Ingenia Lifestyle has announced a new $55 million residential development in Burpengary East, the company’s first venture into the competitive north Brisbane market.

The new community – Freshwater by Ingenia Lifestyle – will span across five hectares and deliver 131 new homes for downsizers.

Ingenia Regional Development Manager Matt Fedrick said Freshwater was an exciting new project for Ingenia and allowed them to introduce its unique offering to the north Brisbane downsizing market with an attractive, competitive price point.

“Construction will soon start on the first stage of homes, as well as a five-home display village with our first residents expected to move in by early 2020,” Mr Fedrick said.

“Our unique land lease model, where residents own their home and lease the land, means downsizers can purchase a brand-new high-quality home at a significantly lower price – without having to worry about stamp duty or entry and exit fees.

“Brand new homes will start from $335,000 for a two bedroom, two bathroom and single car garage home.

“This is significantly less than our competitors, making Freshwater an affordable option for downsizers who want to live in a luxury over 55s community, but still have equity left over to enjoy life.”

The resort-style community will feature a multi-million-dollar clubhouse, which is anticipated to include a gym, heated pool, library, lawn bowling green, cinema, visiting physician consulting rooms, an alfresco barbecue area and a sports bar.

Mr Fedrick said demand from buyers had already been strong with local community engagement, providing an opportunity for local downsizers to hear and make comments on the development plans for Freshwater.

“We have been working with the community through focus groups and educational event sessions to ensure that we are building a community that the local market can be proud of,” Mr Fedrick said.

“Through our database and recent expos, we have received a number of enquiries about when Ingenia Lifestyle would establish a community on the northside of Brisbane, so we are excited to be able to deliver this new community to meet this demand.”

The Freshwater community will be the first of Ingenia Lifestyle’s Star Collection projects in Queensland – a collection of contemporary, resort-style communities.

“Freshwater will be one of three Star Collection Ingenia communities across the South East Coast of Australia offering an affordable luxury lifestyle and home to over 50s.”

Ingenia Lifestyle’s Freshwater community is in an attractive location for over 50s looking to downsize with shopping centres, medical services, Freshwater National Park, Brisbane City and the Sunshine Coast all easily accessible.

To find out more about Freshwater by Ingenia Lifestyle visit: www.ingenialifestyle.com.au/burpengary-east