The Gap Gets First Downsizer Housing Project with Nature’s Edge

A young Brisbane developer has unveiled the only downsizer housing project currently underway in The Gap. The boutique collection, called Nature’s Edge, comprises nine architecturally designed terrace homes intended to appeal to empty nesters seeking a low-maintenance lifestyle.

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A project of developer Adpen, the homes are priced from $1.15 million and offer three or four bedrooms and high-end finishes.

Designed by architect Nigel Fitton, the residential estate is located near shops and other amenities in The Gap, with the goal of providing low-maintenance living for residents.

Downsizer Housing Project
Artist’s impression of dining and kitchen areas (Photo supplied)

The terrace-style housing has floor plans ranging up to around 220 square metres of combined indoor and outdoor living areas. Each home includes two bathrooms, walk-in wardrobes, ducted air conditioning systems, and ceilings reaching 2.7 metres in height.

Located just 8 km from Brisbane’s CBD, this downsizer housing project is surrounded by bushland yet still close to The Gap’s amenities.

With this development, Adpen aims to provide a rightsizing opportunity in an area dominated by large family homes on bigger blocks. The project also helps introduce more housing diversity to free up existing properties for younger families previously locked out of the premium Gap market due to limited stock.

Adpen Managing Director Adam Pennisi stated that Nature’s Edge is intended to motivate empty nesters to downsize their housing whilst continuing to reside in the tight-knit neighbourhood of The Gap, where they are already well-established and wish to stay.

“The Gap has been long underserviced in terms of downsizer-friendly homes, meaning older residents were either forced to stay in their current houses or move away from the place they love to find a more suitable home,” Mr Pennisi said.

“I am a young developer but have parents reaching the downsizer stage of life and understand what they’re looking for – the chance to enjoy all the benefits of a brand-new home without the burden of high maintenance,” he said.

Photo supplied

Lee Dwyer, a real estate expert in The Gap, commented that as downsizing becomes more popular, there is an urgent requirement for more diverse housing alternatives to meet the needs of Australia’s expanding senior population, which is forecasted to reach 6.66 million by 2041.

“The Gap is a highly sought after location for buyers and we have noticed many seniors want to stay in the community they have planted roots with their children and grandchildren. Previously, having minimal downsizer stock, this demographic has had to move away,” said Mr Dwyer.

“In order to future-proof Brisbane’s property market, developers need to meet this vital housing need, which in turn, provides an entry point for other buyers to get into the property Market.”

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Adpen has a pipeline of projects valued at $200 million, aimed at addressing the housing shortage in southeast Queensland through various development projects, including custom-built commercial and childcare facilities in addition to residential offerings.

Published 25-March-2024