Seniors Housing & Healthcare Trends

LOS ANGELES: Micro communities are starting to eat into the market share previously enjoyed by the retirement village gorillas.

Construction is expected to complete by March 2026 on a 25-apartment development overlooking the ocean at Bargara.

The Mira Living development has been revealed by Furtado Property with a start date for building yet to be confirmed.
The apartments are three-bedroom configurations with some having the option of an additional study or multipurpose room with pre-construction prices ranging between $1.285m and $2.5m.

Construction is expected to start between July and September this year.

Furtado Property director Graham Furtado said the development came amid soaring demand for premium housing in the Wide Bay region.

He said the luxurious oceanfront apartment complex was designed to redefine coastal living in Bargara, situated near Bundaberg and the southern gateway to the Great Barrier Reef.

“This timely initiative addresses the notable surge in property values across Queensland, with Bargara emerging as a leader in this growth trajectory,” Mr Furtado said.

He said Mira Living would offer an unmatched lifestyle through its collection of expansive apartments, tailored for those who sought an elegant and sophisticated living space.

Key features in the residences include generous living areas, custom-designed kitchens with premier European appliances, and main bedrooms featuring walk-in wardrobes and an en-suite.

“The development is designed to complement the natural beauty of its surroundings, boasting tropical landscaped gardens, a swimming pool, and alfresco entertaining areas, all set against the picturesque Bargara coastline,” Mr Furtado said.

“Strategically located on the Esplanade at Bargara Beach, Mira Living ensures residents enjoy direct access to the beach and the Basin, positioning them mere steps from aquatic paradise and just a short walk from the Bargara Golf Club, as well as a variety of shops and cafes.

“This prime location not only promises convenience but also an exclusive lifestyle on the oceanfront, a rarity in today’s market and a prized gateway to exploring the Great Barrier Reef.

“Choosing Mira Living means embracing a lifestyle of luxury, comfort, and serenity, enhanced by the significant growth potential of the Wide Bay region and the allure of living near the southern gateway to the Great Barrier Reef.”

The launch of Mira Living coincides with a period of regional growth, highlighted in a recent Core-logic report showing property values in the Wide Bay area, including Bundaberg, Hervey Bay, and Maryborough, increasing by 65 per cent to 75 per cent in the past five years.

“This surge reflects the area’s attractiveness, owing to its idyllic beaches, favourable climate, and compelling value compared to other coastal regions,” Mr Furtado said.

Property analyst Simon Pressley said the area had a unique appeal and presented an incredibly exciting mix.

“Its affordability, coupled with a desirable lifestyle, is a significant draw for those looking to leave behind the congestion of major cities,” he said.