Gold Coast's $60 million Vision by Halcyon targeting over-50 downsizers

Gold Coast's $60 million Vision by Halcyon targeting over-50 downsizers
Gold Coast's $60 million Vision by Halcyon targeting over-50 downsizers

Vision by Halcyon, developed by over-50s lifestyle community developer Halcyon, is a $60 million approach to take advantage of the market that saw the Halcyon Waters development sell out.

Located at Hope Island this new project will include a 52-berth marina and a number of waterfront dwellings with eight-star energy ratings.

Vision by Halcyon will include a lifestyle and aquatic precinct that will feature health and well-being facilities including a leisure club, fitness centre, pool, spa, yoga room, media and massage room, kitchen, dining facilities, lounge area, a floating boat house with boat storage and multiple other spaces.

Bevan Geissmann, the joint managing director for Halcyon, and business partner Paul Melville, launched the site following the completion of Halcyon Waters – a 227 site development.

“The success of Halcyon Waters has proved that we have a sought after product in a wonderful location that meets the increasingly sophisticated needs of the over 50s buyer,” said Geissmann.

“Halcyon Waters final home was the flagship Paragon residence which sold off the plan for more than $1.1 million.”

The local council have expressed their approval, with Hope Island Councilor and city planning chair Cameron Caldwell referring to the developers as “great visionaries”.

“It’s certainly a market that needs to be addressed as our population ages, and we wish them well,” Caldwell said.

This month will see the first of four stages begin construction. Interest is expected initially from locals and downsizers, however he does believe that 40% of the buyers will be from other areas in Queensland and from interstate locations.

The first release will be 21 properties, including waterfront and non-waterfront, and single, double and split-level layout offerings.

Properties start at $555,000 and climb to $1.25 million. Upon purchase, a fixed weekly fee indexed to CPI is charged covering all running and management costs as well as water/rate charges. They are advertised with no rentals, no stamp duty and no exit fees.

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Jennifer Duke

Jennifer Duke

Jennifer Duke was a property writer at Property Observer

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