Sixty-eight of the 81 homes built as part of Ingenia Lifestyle’s $100 million estate called Latitude One have been sold leading to the next stage of construction – a display village that will be launched in May.

“There has been a very strong demand from over-55s in the area,” Ingenia Lifestyle’s project sales manager, Sheree Richardson, said. “The popularity rests with the simplicity of the model and the innovative architecture of the homes.

“Residents purchase a brand new home but lease the land, which eliminates the need to pay stamp duty and removes a significant component of start-up costs and if or when they decide to leave, there are no exit or DMF fees to pay. 

“The opportunity to downsize and free up cash reserves while remaining close to friends, family and local amenities has been a major drawcard.”

Latitude One is one of Ingenia Lifestyle’s new resort-living communities for over-55s. Once completed, the estate will be a community of 270 homes set on 29.2 hectares and will include a $5 million resort-style clubhouse.

The clubhouse is considered the “centrepiece” of Latitude One and will include a cinema, library, sports bar and bowling green, plus a wellness centre with a heated pool, gym and consulting rooms.

Latitude One could only be the beginning of a housing development boom in Anna Bay, with Sydney developer Rod Salmon revealing to the Examiner last week that he has plans to build a 700 home estate complete with lakes, parks and sporting fields off Gan Gan Road in the next 10 years.

Construction on Latitude One began in mid-2017. All 32 homes in the stage one release were bought within days. Just six of the 27 homes in the stage two, and seven of the 22 homes in the stage four release remain.

“Anna Bay is the perfect base,” Ms Richardson said. “[It’s] centrally located to a number of local beaches and major travel routes for grey nomads looking to explore Australia’s east-coast.”