One Year, Two Launches, Three Thousand Residents – AVID Reflects on Its First Year of Land Lease Living

This month AVID Property Group (AVID) marked one year since the launch of its land lease communities (LLC) business, Vantage by AVID, with the developer having earmarked more than $800 million to grow the portfolio through six new greenfield projects.

One year later, two of these projects are already in market across two of Australia’s most populous states¹, and three more projects are set to launch to market later this year.

AVID General Manager Land Lease Communities Manuel Lang said the growth to the Vantage portfolio within just the first year of operation reflected the strong demand from the over 50s market for a modern, flexible approach to housing.

“The past year has seen a series of key milestones across our Vantage portfolio – from breaking ground on new communities to welcoming our very first residents at our new Hervey Bay community,” Mr Lang said.

“We’ve had the chance to really showcase our vision for our Vantage communities – opening display homes and unveiling plans for our multi-million-dollar resort-style community amenities.

“This success and continued interest in these projects has been a true reflection of the importance of unlocking new housing stock for the growing cohort of baby boomer Australians, and by doing so freeing up their suburban family homes for the next generation of aspiring homeowners.”

AVID’s Vantage portfolio now includes 11 communities across Queensland and Victoria, seven of which were operational and fully occupied sites acquired from existing operator Living Gems.

The acquisition has enabled AVID’s new Vantage real estate arm to work with customers to sell or upgrade their home, welcoming a new market to these existing, established communities across South East Queensland.

“We are excited to continue to welcome people home to Vantage communities across Australia, where they will join the nearly 3,000 residents in our established communities who have experienced first-hand AVID’s passionate, customer-led approach to residential housing,” Mr Lang said.

“For this demographic of buyers, authenticity is invaluable, and we have enjoyed every opportunity we’ve had to be on the ground, meeting residents and hearing their unique life stories that have led them to a home with Vantage.

“Looking internally, beyond building homes and communities, Vantage has brought on so many new opportunities for existing AVID staff as well as the new team members we’ve been able to welcome onboard over the past year, strengthening our team at a corporate and community level.”

AVID’s Vantage communities include:

• Vantage Bloomdale
• Vantage Caboolture Riverfront
• Vantage Eagleby Hedges
• Vantage Eagleby Pines
• Vantage Hervey Bay
• Vantage Lilywood
• Vantage Logan Reserve
• Vantage Logan Village Green
• Vantage Logan Village Links
• Vantage Maleny
• Vantage Pacific Paradise

Vantage is AVID’s unique approach to land lease community living featuring high-quality, purpose-built-resort-style communities for the over 50s market. For more information visit Vantage by AVID.

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Reference

1. National, state and territory population, September 2024 | Australian Bureau of Statistics