What’s happening?
Construction has commenced on a $179 million over-50s lifestyle community at Cotswold Hills, north-west of Toowoomba.
Toowoomba Region Mayor Geoff McDonald joined GemLife Managing Director and Group CEO Adrian Puljich on Monday, 16 March to turn the first sod.
The project, GemLife Cotswold Hills, will deliver 205 homes designed for buyers looking to right-size.
The first homes are expected to be completed by late this year.
Why it matters
Mayor McDonald said the project would bring both short-term and long-term economic benefits to the region.
“During construction, the project will support local jobs, and once complete, it will create ongoing employment opportunities for the people who operate the facility and help support the community,” he said.
“This investment aligns strongly with Council’s vision for sustainable, well-planned growth, growth that strengthens our economy while enhancing the liveability and character of the Toowoomba Region.”
Mr Puljich said the development responds to growing demand from over-50s seeking a simpler lifestyle without giving up space.
“We understand there are people looking to move from acreage and large family homes who want a smaller property, without sacrificing a private garden, alfresco space or enough storage for mementos,” he said.
He said the homes aim to balance space with ease of living.
“Likewise, Cotswold Hills’ two-bedroom, two bathroom home designs, complete with multi-purpose room and garage, offer generous space and storage with up to 203sqm of living area, comparable to the average 232sqm Australian home.”
Local Impact
The project is expected to support local jobs during construction and create ongoing roles once operational.
It will also provide housing options for older residents who want to remain in the region.
Mr Puljich said this type of development plays a wider role in the housing market.
“Over-50s lifestyle resorts play an important social role in the community, giving long-term Toowoomba residents an opportunity to move to a more suitable property without leaving the region, or family and friendship groups they have established.
“It also helps give younger families the chance to secure the larger homes they free up in the move.”
He said the construction phase will further support the local economy.
“Construction will boost the local economy too, generating about 125 jobs over the next four years.”
By the numbers
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The development will include larger-than-average land lease homesites and $15 million in resort-style facilities.
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Around 125 jobs are expected to be created during construction over four years, supporting local employment.
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Homesites average 351sqm, which is about 20 per cent larger than standard land lease communities, offering more space while remaining low maintenance.
Zoom in
Mr Puljich said the homes are designed to offer comfort, storage and flexibility for residents.
“Homesites at Cotswold Hills average 351sqm, which is about 20 per cent larger than standard homesites in other land lease communities, while being more compact and low maintenance than a traditional suburban lot.
“Likewise, Cotswold Hills’ two-bedroom, two bathroom home designs, complete with multi-purpose room and garage, offer generous space and storage with up to 203sqm of living area, comparable to the average 232sqm Australian home.
“Our homeowners benefit from the best of both worlds – the comfort and security of a private home, without the hassle of maintaining a large property or outdoor area. There’s a misconception that downsizing means losing space and amenities, when in reality, residents enhance their lifestyle.
“They gain access to incredible recreation facilities in our Country Club and, more importantly, they become part of a highly connected community in a similar stage of life.”
He also explained how the land lease model works.
“Our buyers own their home and rent the land, with no stamp duty, entry or exit fees payable. They pay a weekly fee only, for access to all facilities, security and maintenance.
“This approach often allows people to unlock the equity they have in their larger family home, while keeping their foot in the property market, meaning they can reap the benefits of capital gains.”
Zoom out
The project forms part of a broader pipeline of developments planned for the region.
After completion, GemLife plans a second community at Cotswold Hills, the $138 million GemLife Cotswold Rise, which will deliver 211 homes.
The company is also developing GemLife Highfields and Highfields Heights, which together will bring a further 682 homes to the region.
Mr Puljich said these projects respond to demographic demand.
“Toowoomba has about 65,000 residents over the age of 50, equating to more than 37 per cent of the population,” he said.
He also pointed to recent property trends.
“Toowoomba is going from strength to strength, with property values increasing 22.8 per cent over the past 12 months, and I’d expect strong growth and demand to continue.”
What to look for next?
The first stage of 23 homes is now selling, with prices starting from $775,000.
Construction progress and sales activity will shape how future stages and planned communities move ahead in the region.