Robina Property Factsheet 1st Half of 2019
Robina recorded a median house price of $713,000 and $473,000 for units in Q4 2018. This is an annual (Q4 2017-Q4 2018) median price growth of 1.9% for houses and 0.7% for units. Compared to the Robina 2nd half 2018 Research Factsheet, which reported an annual (Q2 2017 – Q2 2018) median price change of -0.2% (house) and 3.8% (units), houses in Robina has strengthened in value and units have become more affordable. Overall this represents a resilient market and an ideal environment for buyers.
Annual (Q4 2017-Q4 2018) median house prices softened in the wider Gold Coast Main Local Government Area (LGA), by -1.5% to $645,000. That said it has strengthened by 1.2% to $430,000 for units. When compared to the LGA, Robina is a premium market whereby investors are rewarded with a higher capital growth, particularly for houses. Astute investors should still take this opportunity to enter the market to benefit from growing rental demand.
Robina median house rental prices strengthened over the past 12 months to Q4 2018, by 1.4% to $598 per week. However, it has slightly softened for units by -1.9% to $520 per week. Investors are benefitting from quick rental uptake in this high-demand market, as vacancy rates in Robina were at a sustainable low of 2.0% as of December 2018. Although slightly higher than Gold Coast LGA average of 1.8% this is well below the Brisbane Metro average of 3.2%.