RV-Focused Community Underway in Australia
Sunshine Coast investors have rushed to be part of Queensland, Australia’s, first recreational vehicle-focused residential development to be built at Maryborough, Australia, located on the country's East Coast.
More than 60 investors, mostly Coast-based, have poured $10.215 million into the venture, over-subscribing the capital raising by some $2 million, according to the Sunshine Coast Daily.
Work will start next month on RV Homebase Fraser Coast, a $70 million venture to build 210 homes that allow owners to park their RVs or caravans in fully serviced undercover ports.
Peter Shadforth, chairman of the Forest Glen-based RV Homebase, said investors had recognized the potential of a residential village which supported Australia’s 390,000 strong caravan and motorhome community.
The “active lifestyle” community for over 50-year-olds will include $3 million worth of community facilities.
It offers a place for “grey nomads” to come home to between trips while maintaining the group culture of the road.
Shadforth said the first sod would be turned next month, with the first display home due to start in July.
“The article in the Sunshine Coast Daily (about the project) kickstarted our fundraising campaign,” Shadforth said.
“It opened a lot of doors for us.
“People are quite excited about it.”
Although the initial campaign was to source investors, the company has already received more than 400 inquiries from people interested in the concept as a lifestyle option.
RV Homebase has taken a stand at next month’s Brisbane Caravan and Camping Show, where it will launch its range of housing options.
Marketing manager Mark Tolley said there had already been strong interest from New Zealanders and an inquiry from the United Kingdom.
“There is definitely an appetite for it,” he said.
“The people are addicted to the lifestyle.
“It’s a defined niche market.”
Shadforth said now that the float had been completed successfully and the capital was in the bank “it’s exciting to be able to focus on creating a residential alternative that is not currently available in Queensland, and bring the village to life”.