Robina Property Market Update 2nd Half of 2021

In Q2 2021, Robina recorded a median house price of $855,000, and a median unit price of $520,000. This represents annual (Q2 2020 – Q2 2021) median price growth of 15.5% for houses and 13.0% for units. Between Q2 2020 – Q2 2021 total sales in both markets have increased, by 8.5% for houses (to 77 sales) and by 95.4% for units (to 127 sales). This is a clear indication of increased consumer confidence, with real returns on investment as price growth is accompanied by higher transaction volumes. Now is an opportune time for vendors to transact, as demand is exceeding supply levels.

Average vendor discounts between Q2 2020 and Q2 2021 have swung to a premium of 4.1% for houses and to 2.3% for units. The Robina market has shifted to favour vendors, where buyers must offer above the initial listing price. Now is the time for vendors to capitalise on their investments.

In June 2021, house rental yields in Robina were recorded at an attractive 5.7%. In the 12 months to Q2 2021, the median house rental price increased by 17.1% to reach $720 per week, while average days on the market declined by -33.3% (to 16 days). These figures indicate a surge in investment returns, inviting astute investors to enter the market.

3 bedroom houses have provided investors with +15.5% rental growth annually, with a median rent of $635 per week.

Also, in June 2021, Robina recorded a vacancy rate of 0.7%, on par with Gold Coast Main and well below Brisbane Metro (1.3%). Vacancy rates in Robina have continued to decline, recording historical lows in the past 6 months, and remaining below the Real Estate Institute of Australia’s healthy benchmark of 3.0% as the economy recovers from COVID-19. There is a sustainable healthy rental demand and investors can be confident of a conducive investment environment in Robina.