Robina Research Factsheet 2nd Half 2017
Robina continues to out-perform the Gold Coast City region with median prices recorded at $675,250 (house) and $435,000 (units); and on-par annual growth of 5.0% for houses and higher annual growth of 6.5% for units. This is reflective of Robina’s competitive and in-demand market, confirming it as a sought-after option for investors.
Median rent for units have experienced positive growth, currently at $530 per week. Rental yields remain strong, at 4.3% for houses and 6.3% for units, presenting conducive conditions for sustainable returns on investments in Robina. Vacancy rates in Robina have partially risen to 1.9%, most likely due to the amount of residential project being completed in the area. That said this is still low when compared to the industry benchmark of 3.0%.
Between 2016 and 2017 Robina is set to commence construction on approx. 18 projects, estimated at $313.8M. There is a clear focus on increasing residential stock, with 86.1% of total project value dedicated to the construction of 466 units, 266 townhouses, 54 subdivision lots.
A key residential project is the Vue Terrace Homes, estimated at $70.0M and scheduled to commence construction in late 2017. This project will construct 71 x 3 bedroom, 2 bathroom and media room luxury townhouses in a secure gated estate. Estimated completion is 2019.
The Robina Home & Life Centre, Robina Medical Centre, and Mcdonalds in Mudgeeraba are the commercial projects planned for Robina in 2016 – 2017. These will further local job growth and increasing economic activity in Robina, balancing incoming residential stock.