Robina continues to outperform the wider Gold Coast for growth in values and rental returns, as both Generation Y and Baby Boomers centre their sights on the area, new research shows.
A report by independent property analyst, Urbis, reveals the median house price in the central Gold Coast suburb has grown by 37 per cent in the last three years, with terrace homes increasing by 31 per cent during the past five years.
Both houses and terrace homes also continued to outperform the wider Gold Coast for rental growth, with three and four bedroom houses increasing by 3.9 per cent, compared to 3.1 per cent and 1.9 per cent, per annum over the past decade.
Robina terrace homes also shone, with three bedroom properties achieving a 3.4 per cent increase in rental yield, compared to the Gold Coast’s average 2.8 per cent, over the same period.
Urbis senior consultant Lynda Campbell said the popularity of property in Robina was underpinned by key fundamentals that appealed to owner-occupiers, investors and tenants.
“The large employment hub paired with easy connectivity to high quality education, retail and entertainment offerings are key factors,” she said.
“Across the board, property growth is linked to employment and population growth, and Robina ticks those boxes, with the workforce set to increase by more than 73 per cent and the population by more than 37 per cent over the next two decades. Read more about Robina’s predicted future growth here.
“Key infrastructure projects including the $1.2 billion rail extension to Coolangatta and $920 million Pacific Motorway upgrade, and ongoing investments in Robina Town Centre and Robina’s medical precinct, will only add to the appeal in the future.”
Ms Campbell said Robina’s attractiveness to both younger and older buyers laid a strong foundation for continued growth.
“Gen Ys make up about 19 per cent of the total population and are drawn to the suburb by the wealth of amenity within walking distance, connectivity and employment opportunities,” she said.
“These are all aspects that will only continue to be enhanced in the future.
“The more mature age groups are also setting their sights on the suburb, with the 60-plus age bracket making up more than 23 per cent of the population, enticed by similar reasons to younger residents, along with the ease of access to hospitals and health care providers.”
Developer Robina Group is seeing strong demand for its $170 million Vue Terrace Homes in Robina, where residents can live, work and play all in the one area.
Gail Walker is among those to purchase at Vue and said location, access to shops, schools and the motorway were key drawcards.
“I have lived in Mudgeeraba for the past eight years and my new home at Vue will allow me to stay in the area I love, while bringing me closer to Robina’s amazing facilities,” she said.
“I also love the fact the community is so full of life and excitement without being overcrowded.”
Robina Group sales manager Azura Griffen said, like Gail, buyers were attracted to the central location and the continually expanding facilities and services at their fingertips.
“New projects like Gold Coast City Council’s planned 250 hectare Central Park, which will neighbour Vue, will only add to the appeal of life in Robina,” she said.
“We have been fielding interest from buyers from all walks of life, from young professionals looking for a central location close to work, to empty nesters wanting a low maintenance home, to investors wanting to reap the rewards from Robina’s anticipated future growth.”
Early site works are now underway at Vue, with more than $57 million in homes already sold, and stage two now selling, priced from $635,000.
The terrace homes boast three bedrooms plus media across two levels, with stunning views of the Gold Coast City skyline. The community also comprises an exclusive-resident pool and barbeque area, complete with relaxation zones, grass decking and barbeques with park and water vistas.
The Vue Terrace Homes Sales and Display Centre is open seven days a week from 10am to 5pm on the corner of East Lane and Stadium Drive, Robina and features furnished display homes and an elevated viewing platform across the site. Call 55 821 888 for more information.