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Bloom Case Study
Cedar Woods' is proudly redefining downsizing opportunities for Australians by offering a fresh alternative to traditional downsizing models. Bloom offers an innovative solution for individuals looking to downsize their home without sacrificing independence, financial growth, or lifestyle flexibility.
Aimed at those transitioning from larger family homes, Bloom provides modern, low-maintenance apartments that ensure full ownership, complete with a vibrant and supportive community.
A Modern Solution for Downsizing
As part of Cedar Woods' ongoing product diversification, Bloom is designed to meet the changing needs of downsizers. Unlike traditional retirement villages or lifestyle communities, Bloom provides 100% ownership of property, allowing residents to retain all capital gains without exit fees or complex management fees. This ensures a secure financial future for those who want to enjoy the appreciation of their property.
Choosing the Right Downsizing Model
In Australia, there are various downsizing options, each offering unique advantages:
- Traditional Retirement Villages: These often include structured care services and community activities but come with the drawback of Deferred Management Fees (DMFs), which reduce the capital return when properties are sold.
- Lifestyle Communities: Focused on recreational amenities and community socialising, these villages are typically located outside major city areas, limiting access to urban conveniences.
- Bloom Apartments: Offering 100% ownership, Bloom stands out by providing residents with the freedom to live independently while benefiting from an urban location, eco-friendly features, and user-pays concierge services for personalised support.
- City Apartments for Downsizers: While these apartments offer urban living, they lack the community-oriented services and space required for aging in place, something Bloom provides.
Bloom at Glenside: A Showcase of the Model in Action
Bloom Glenside, located just 2km from Adelaide’s CBD, is a prime example of this new downsizing model. The development features 119 one, two, and three-bedroom apartments spread across two eight-story buildings. Residents enjoy high-end amenities such as a swimming pool, library, wine storage, pavilion, and a communal garden. Concierge services—available on a user-pays basis—offer personal assistance such as event planning, cleaning, and pet care.
Each Bloom apartment is designed with the future in mind, featuring wider hallways and doors for better accessibility, ample storage space, and spacious kitchens—key elements that promote a comfortable and independent lifestyle.
Bloom at Glenside combines 100% ownership, urban convenience, and sustainability to create a flexible and financially sound option for downsizers. The development's success proves the growing demand for independent living options with vibrant community connections.
Looking to the Future
As part of Cedar Woods' broader diversification strategy, Bloom provides a smart, sustainable solution for downsizers, designed for those who want to enjoy their retirement with financial independence, while still being part of a connected, like-minded community. Bloom is changing the conversation around downsizing, offering a new way to approach the next phase of life.
