A Brisbane developer has come up with a new style of off-the-plan apartments embracing intergenerational living.
Developer Red & Co has recorded strong demand for their Gold Coast project’s innovative “dual key” residences, that allow families to live together while maintaining independence and privacy.
Situated at Varsity Lakes, COMO will include 156 apartments across 16 levels, positioning the project at the premium end of the local apartment market.
At the centre of buyer interest is a limited release of 36 Dual Key apartments – with just 17 remaining for sale.
The configuration combines two self-contained residences on a single title, comprising a primary two-bedroom apartment alongside a separate studio residence, connected via a shared foyer and lockable internal door.
NPA’s CEO Andrew Erwin, who is marketing the project, said the dual key residences were resonating with buyers because it delivered both financial flexibility and practical lifestyle benefits.
“The housing crisis and rising cost of living are fundamentally changing how Australians think about home ownership,” Mr Erwin said.
“Dual Key apartments provide a genuine solution for families who want to stay connected while maintaining independence.
“Parents can help adult children save for a future home, ageing parents can remain nearby without moving into aged care, and owners still retain privacy and flexibility.”
“Importantly, buyers are also recognising the financial advantages.
“It creates the opportunity to generate additional income from part of the home without the holding costs associated with owning a separate investment property.”
