Robina Property Market Update 1st Half of 2021

In Q4 2020, Robina recorded a median house price of $725,000, and a median unit price of $500,000. This represents annual (Q4 2019 – Q4 2020) median price stability for houses, however units grew by 3.4%. Between Q4 2019 – Q4 2020 total sales increased, by 30.7% for houses (to 98 sales) and by 21.6% for units (to 141 sales). The Robina property market is heading towards a post COVID-19 road to recovery, wherein price growth combined with an increase in sales suggest real returns on capital investment. Now is an ideal time to transact, with unique opportunities for both sellers and buyers.

Average vendor discounts between Q4 2019 and Q4 2020 have tightened for houses, to -1.1%, however widened to -2.9% for units. The Robina property market provides unique opportunities. House sellers can now achieve a final sale price closer to their first list price, however unit buyers can benefit from a discount.

In December 2020, house rental yields in Robina were recorded at an attractive 5.2%. In the 12 months to Q4 2020 the median house rental price grew by 3.2% to $640 per week. Furthermore, average days on the market declined by -45.8% (to 13 days). This establishes Robina as a resilient and highly demanded rental market.

3 and 4+ bedroom rental houses were the most resilient throughout COVID-19, recording stable growth throughout.

In December 2020, Robina recorded a low vacancy rate of 0.7%, on par with Gold Coast Main (0.7%) but well below that of Brisbane Metro (1.8%). Vacancy rates in Robina is at all time record lows, and well below the Real Estate Institute of Australia’s healthy benchmark of 3.0%. This confirms there is high resilience in the rental market despite COVID-19, thus investors can be confident of a conducive investment environment in Robina.