A $428 million over-50s community is set to launch in Elimbah mid 2025 to meet high demand from Queensland downsizers, after receiving development approval this week.
The 404-home gated community by prominent land lease developer, GemLife, is earmarked for a 26-hectare site at 38 Atherton Road, with 8.2 hectares to be dedicated to green space, including a conservation area bordering an established nature and recreation reserve.
It will feature $20 million of luxury resident facilities, including an expansive two-level Country Club with a suite of inclusions such as a ballroom, virtual golf, and wellness room, along with a Summer House, offering a resort-style pool.
Moreton Bay Regional Council approved the development, with GemLife planning to release the first stage of homes and begin construction mid-year, with being completed over seven stages.
GemLife Elimbah will be the developer’s third over-50s community in Moreton Bay, bringing the total number of homes it’s developing in the region to more than 1,350.
It follows the success of the $349 million GemLife Bribie Island, released in 2016, and $340 million GemLife Moreton Bay, launched in 2023.
GemLife Director and CEO Adrian Puljich said the demand for over-50s living continued to grow, as more people sought to ‘right-size’ their home in their older years. Almost 40 per cent of residents in Elimbah are aged over 50, Census data shows.
“Today’s over 50s are active and independent. They’re focusing on improving their lifestyle, as well as freeing up capital for retirement, as they move into their 50s and beyond,” he said.
“Land lease communities are increasingly appealing, as they offer a low maintenance, secure and relatively affordable option.
“We’ll be looking to bring our new Elimbah community to market as soon as possible, to meet the high demand for this style of living in Moreton Bay.”
Mr Puljich said all homes in the community would feature two bedrooms plus a multipurpose room, and a 7-star energy-efficient design, with land lease communities being a flexible alternative to retirement villages.
“You own your home and rent the land, with a weekly site fee that covers security, maintenance and management, meaning when it comes time to sell, you keep any capital gains. There are no entry fees, exit fees or stamp duty involved at any time,” he said.
For more information on the new Elimbah community, visit gemlife.com.au/gel
