Today 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 includes 13 communities across Queensland and Victoria, seven of which are fully occupied and two which remain in the final stages of planning.
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 within a Vantage community.
“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.”
Vantage by AVID 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
Reference
1. National, state and territory population, September 2024 | Australian Bureau of Statistics
About AVID Property Group
AVID Property Group (AVID) is an award-winning Australian developer, responsible for a diversified selection of residential masterplanned communities, land lease communities, completed houses and apartments, with 45 developments, located in key growth areas across Australia’s eastern seaboard.
AVID has a proven track record with the delivery of $4.2 billion worth of projects over the past 17 years. AVID’s current portfolio has a gross revenue pipeline of $5 billion.
With a strong record of delivering connected and vibrant communities, AVID and its subsidiaries have created great homes and places for more than 75,000 Australians to live out their dream lifestyle.
Led by highly experienced senior management, AVID brings people together to deliver exceptional communities, valuable shareholder returns and thriving environments for its customers.
For more information, visit www.avid.com.au
