Land lease communities developer Serenitas’ average sale prices rises 13% in 1Q25
Mirvac, which owns 47.5% of the business which operates and develops over 50’s lifestyle communities, released its first quarter operational update last Tuesday (22 October). Serenitas, which announced the start of the construction of its latest...
Mirvac, which owns 47.5% of the business which operates and develops over 50’s lifestyle communities, released its first quarter operational update last Tuesday (22 October).
Serenitas, which announced the start of the construction of its latest Thyme Lifestyle Resort Canungra, 72km south of Brisbane’s CBD, last Friday, maintained its 100% occupancy across its 29 lifestyle land lease communities in Australia.
It achieved 92 settlements and 90 sales in the 91 days and had secured two new communities with 683 development lots.
In Mirvac’s FY24 financial result, Serenitas sold 61 homes in the year, at an average sale price around $500,000. The average price is now $566,000.
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