Lifestyle quality at the top of buyer’s checklist
It’s been a big week of property news and the news is good for the Gold Coast market with positive growth predicted for the next two years.
Many news outlets have been reporting this week that, despite value losses in other property markets, Gold Coast City looks set to buck the trend with a report by CoreLogic and Moody Analytics predicting a 2.2 per cent increase in 2019 followed by an increase of 3.6 per cent in 2020.
Realestate.com reports that lifestyle quality is a key contributor to the predicted value growth, with ‘lifestyle markets’ set to defy national trends.
Gold Coast City is also now more expensive than its capital neighbour, according to a recent report.
The report quotes CoreLogic RP Data’s head of research Tim Lawless, who said it appears the Gold Coast lifestyle is what is attracting buyers as they perceive it to offer good value currently.
According the Open Agent, the Gold Coast is a distinct market compared to the capital cities. Tourism continues to drive the region’s economic growth, however, interstate migration to the city, particularly from Sydney and Melbourne, is driving growth in property prices.
While there is a general expectation that housing prices will flatline across the board in 2019, the Gold Coast is expected to buck the trend and continue its upward movement, with BIS Oxford Economics forecasting growth of 9.4 per cent over the four years 2017-2020.
Robina – at the centre of future growth projections
With the population of Gold Coast City expected to double to 1.2 million by 2050, according to leading Australian futurist and demographer Bernard Salt, it’s anticipated that a large portion of this growth will occur in the central and western corridors around Robina.
Not only highly sought after, Robina property commands premium rental returns. Median rent for a 3 bedroom townhouse in Robina is 18% higher than Gold Coast city and 43% higher than Queensland as a whole.
For the investor, Vue Terrace Homes are expected to attract an indicative yield of 5%* per annum with rental returns appraised at between $550 and $600 per week.
Robina Group Sales Manager, Azura Griffen said many homes at Vue were being snapped up by home owners and savvy interstate investors alike looking to capitalise on the strong Gold Coast City property market.
“We’ve seen a combination of buyers coming from interstate, with some looking to reap the investment rewards, while others are looking for a change of pace in lifestyle and plan to make the move Robina,” she said.
Vue Terrace Homes offer stylish design over two levels. Comprising three bedrooms and two bathrooms, the homes have been designed with liveability and lifestyle in mind.
The clean, efficient layouts and thoughtful touches combine to provide a tranquil living space amongst the surrounding Robina City Parklands. With the parklands due for a multi-million dollar transformation into Gold Coast’s ‘Central Park’, the homes look set to become even more valuable in the future.
If you’re an interstate investor or looking to make the move the Gold Coast City, contact our sales team today for more information on how to secure your Vue.