Moving into a brand new community is an exciting time for our residents, many of whom have just purchased their first home. This experience is enhanced even further when we are able to bring forward the delivery of key community infrastructure for the benefit of the community’s initial residents.
Our $5 billion Aura (Qld) residential community on the Sunshine Coast is the largest project ever undertaken by Stockland and will continue to develop for at least the next 25 years. We have made a concerted effort to provide open space, community facilities, and other programs early in the development lifecycle, so that residents that move in during the first stages do not have to wait for years to enjoy everything that this 6 Star Green Star community has to offer.
Aura residents were included in our annual Liveability Index survey for the first time in 2018. Aura’s Liveability Index score was 78 per cent, a strong result for a new community. Aura residents’ average wellbeing score is at 81 per cent, above the national average of 74-76 per cent (according to the Personal Wellbeing Index measured by Deakin University). Residents also feel that their standard of living has improved since moving to Aura (85 per cent).
Satisfaction with public spaces and amenity is at 86 per cent, which is one of the highest results across our portfolio. Residents said that they enjoyed “the cleanliness of park facilities and family friendly orientation”, they remarked how “the public landscaping and design makes Aura feel well-built and well thought-out”, and they were “proud” to tell people they lived at Aura.
In fact, 60 per cent of Aura residents say they have recommended the community to others, which is substantially higher than the average across all communities. These results are a testament to the strong efforts by our Communities business to deliver early amenity at Aura and actively address any issues as they arise.
As Australia’s largest residential developer, we understand both the excitement and the challenges that come with living in a new community. Through the insights gained from our Liveability Index, we remain committed to investing in what matters most to our residents as we develop our new communities.