The strength of innovation excellence in the property industry was front and centre yesterday with Ingenia Lifestyle Chambers Pines named as the winner of the Affordable Housing Development Award at the Property Council of Australia/Rider Levett Bucknall Innovation & Excellence Awards 2020.
The awards celebrated projects and people across the nation who strive to deliver innovative solutions and inspire ongoing excellence within the industry.
Ingenia Communities Chief Executive Officer Simon Owen said he was thrilled to see Ingenia Lifestyle win the Affordable Housing Development Award, particularly against such worthy fellow finalists as Community Housing Canberra Limited and Stockland.
“It’s such an honour to take part in the Awards alongside our industry peers, and to be recognised as a leader in the field.
“There is a real need to fill the housing affordability gap for retirees and we dedicate ourselves tirelessly to go beyond traditional seniors housing models and provide an affordable lifestyle opportunity for older Australians,” Mr Owen said.
The number of people aged 65 years and over in Australia is likely to triple from 2011 to 2051, with more than 20 percent of the country’s population aged over 65 by 2051 and will see this demand for affordable housing rise.
“Our ageing population is increasing, and our business model is centred around social and economic responsibilities through our land lease model and creating quality communities where people love to live.
“To meet these responsibilities, we engage with a range of different stakeholders − from experienced builders, to charity organisations so that residents can be involved and connected to the broader community, and experts like Noel Whittaker to offer valuable financial advice in retirement.
The housing options at Ingenia Lifestyle Chambers Pines start from a competitive $199,000, making the lifestyle community an affordable choice for downsizers.
Many residents also receive a cash injection into their pockets when they downsize from their family home on release of the equity in their house.
“What’s more, buyers own their home and lease the land. There are no stamp duty fees and entry and exit fees which are found in traditional retirement models. Our residents are also eligible for rental assistance which makes this a popular housing option.
Ingenia Lifestyle also offers an innovative product mix of architecturally designed homes, along with a care concierge team and free social activities which all contribute to the vibrant, safe and secure communities they’ve developed along Australia’s east coast.
Mr Owen said, “We are committed to providing quality affordable homes to suit the different lifestyles and pursuits of Australians over 50 in Queensland and over 55 in New South Wales and Victoria.”
Ingenia Lifestyle was established in 2013 and is home to more than 3,500 residents across Australia’s eastern seaboard.
 Department of Environment, Land, Water and Planning, 2016, Victoria in Future 2016: population and household projections to 2051