Queensland continues to be a magnet for interstate migration.
Over the year to June 2017, migration to Queensland grew by an impressive 50%, with around 17,500 people moving to the Sunshine State.
CBRE analysts are saying that as more people migrate, equity built in Sydney is transferring to our local housing market.
Macquarie Bank also recently released a research note estimating interstate migration is worth a potential $8.1 billion to the southeast Queensland housing markets.
Gold Coast affordability attractive to home buyers.
Aﬀordability is driving most of the interstate migration north from Sydney and Melbourne, where sky-high property prices and have priced many buyers out of the market.
Many of these real estate ‘refugees’ come to South East Queensland as ﬁrst home buyers, attracted by the generous state government grant, large allotments and newly built infrastructure.
We’re also witnessing increasing demand from interstate investors who are getting better value for money than they ﬁnd in other markets. A ‘three-for-one’ model – three Gold Coast properties for the price of one Sydney property – coupled with capital gains predicted at between 7 and 11 per cent in the next 12 months has seen a rise in enquiries from investors looking for good quality investment homes.
Sought after school catchment areas to attract above trend growth.
Researchers are predicting that, alongside growth from interstate migration, inner ring housing pockets and sought-after school catchments will grow above trend.
Domain Group publishes a ‘school zone report card’ and says that boundaries of school zones are a critical factor in house purchase decisions for parents.
This also applies when it comes to private schools and universities, with proximity to the top ranking schools pushing home prices up by as much as 15%.
This is great news for Robina, home to Somerset College, the highest ranking school on the Gold Coast for NAPLAN and OP scores and with the second highest International Baccalaureate Diploma scores in the state.
Bond University is among the top 20 of the world’s best small universities by The Times Higher Education (THE) ranking and enjoys ﬁve star status in The Good Universities Guide. It also enjoys a reputation for ‘above world standard’ research across a range of disciplines with the Australian Research Council.
With top schools, great lifestyle oﬀerings, aﬀordable quality-built homes on oﬀer as well as the long term promise of continued growth, our interstate migrants can expect to ﬁnd everything they want at Robina.