Savvy investors are looking at Gold Coast City as the key market to watch in 2017 as the market heats up in the area.
Off-the-plan projects in the heart of the city are seeing a surge as investors look to secure tomorrow’s property at today’s prices.
According to leading Australian futurist Bernard Salt, Robina/Varsity Lakes has been identified as a key population, infrastructure and employment growth hub for Gold Coast City over the next three decades.
Vue Terrace Homes is a project seeing the effects of the increased investor interest with already more than $19 million of homes having sold off-the-plan at the centrally-located $170 million development.
Being developed by the Robina Group, the new terrace home community is situated on a prime parcel of land and surrounded by parklands.
According to Robina Group sales manager Azura Griffen, buyers have recognised the value on offer and want to secure a piece for themselves.
“A recent report by Urbis showed terrace homes in Robina have increased in value by 6 per cent per annum over the past decade,” she said.
“All of the factors that are driving that growth – high demand, low vacancy rates, new development and established roads, transport, shops, restaurants, schools, universities, hospitals and conveniences – are underpinning long term values.
“Buyers are recognising this and are looking to get in now to benefit from the continued growth predicted for the suburb.”
Bernard Salt has tipped Gold Coast City as a prime growth area with the population tipped to double to 1.2 million by 2050.
“When you take stock of the Gold Coast today, there are very few regions that can match Robina/Varsity’s capacity for growth and expansion – or its ability to provide diversity of housing and workspaces – with key infrastructure and services already in place,” said Mr Salt.
“All the housing, the shops, the jobs, the health and other city centre infrastructure that pertains to the middle of the Gold Coast urban form will hold fast to the centrally located Robina/Varsity precinct.”
Independent property research group Urbis has revealed Gold Coast City figures with a low vacancy rate of just 1.5 per cent, and the terrace home vacancy rate in Robina vacancy rate sitting at an incredibly low 1.1 per cent.
Ms Griffen said demand for terrace homes so popular that there are often waiting lists of buyers before projects have even been completed.
“A vacancy rate of 2 per cent signals a potential undersupply, so when you consider Robina’s vacancy rate sits well below that, the demand for terrace homes in Robina is evident,” she said.
“We brought forward the release of our latest project, Vue Terrace Homes, to help fill that demand and have received unprecedented interest from owner-occupiers and investors nationally.
“Those from the southern states, in particular, can’t believe the value on offer, with homes starting from just $599,000.
“Our buyers also love Vue’s proximity to Robina Town Centre and it’s new dining precinct The Kitchens, as well as being within a 5 minute drive of Bond University, top private schools, a Robina Hospital and Train Station and just a 10 minute drive to the beach.”
Vue Terrace Homes features a resort-style pool overlooking the 17 hectare Robina City Parklands with views to the Gold Coast City skyline. The six hectare secure-gated community is currently available in stage one of release, which consists of 71 three-bedroom, plus media, dual level homes with a modern and flexible design. Also featured are European appliances, high quality finishes and NBN-capability.
Construction is expected to start in the next few months.
The Vue sales and display centre is open seven days a week from 10am to 5pm at Glenside Drive, Robina. For more information visit vueterracehomes.com.au or call 55 888 821.