Homes sold for over $1m in over-50s retirement resorts approved under affordable housing laws

Australian Community Media

Property developers, including GemLife in Tweed Heads, NSW, are using legal loopholes to advertise luxury $1.3 million resorts as ‘affordable housing’.

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00:00Today we have an open day for our Emerald collection. I think we had a

00:04really good turnout, really good response. A lot of people interested in the over

00:0950s lifestyle living. I like the fact that it's a boutique development. Beautiful

00:15finish, spacious like the high ceilings. I was impressed by the finish you know

00:20because you just don't know when you're looking at a plan but see the finished

00:23product and see how well they have been finished off inside, it's a real bonus.

00:28The location here right next to the river, close to all the beaches, close to the

00:33shopping centers, you can't beat it.

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