Hervey Bay and Agnes Water over-50s estates notch $39m in sales amid downsizer surge

Retirees are snapping up three-bedroom coastal homes at the same price as a one-bedroom city apartment, as Metacap’s $280m Riverbend communities surge ahead.Combined, the two masterplanned communities represent a $280m investment in age-appropriate coastal housing, with Riverbend Hervey Bay approaching the halfway mark in construction and Riverbend Agnes Water building sales momentum as its early stages come to life.Developer Metacap’s over-50s coastal communities in Hervey Bay and Agnes Water are both gathering pace, as demand for downsizer and lifestyle living continues to grow in Queensland.In Hervey Bay, the $130m, 160-home gated community is now almost halfway complete.The masterplanned development has already recorded 32 sales, worth approximately $24m, with homes selling for between $730,000 and $850,000, reflecting continued strong interest from local downsizers and lifestyle purchasers.Aerial view of Agness Waters.Further north, the $150m Riverbend community in Agnes Water is gaining significant momentum, with more than $15 million in sales recorded as the seven-stage development springs to life.MORE NEWS: NRL star lists home for $1.15m ahead of club swapGold Coast AFL sta...