Robina Property Factsheet 2nd Half of 2018
Robina recorded a median house price of $674,000 and $450,000 for units in Q2 2018, representing an annual (Q2 2017 – Q2 2018) price change of -0.2% and 3.0% respectively. Compared to Robina 1st half of 2018 research report, which reported a 3.6% (house) and 9.8% (unit) annual median price growth between Q4 2016 – Q4 2017, property in Robina is now more affordable.
Robina recorded a median house price of $674,000 and $450,000 for units in Q2 2018, representing an annual (Q2 2017 – Q2 2018) price change of -0.2% and 3.0% respectively. Compared to Robina 1st half of 2018 research report, which reported a 3.6% (house) and 9.8% (unit) annual median price growth between Q4 2016 – Q4 2017, property in Robina is now more affordable.
Over the same period (Q2 2017 – Q2 2018), house prices in The Gold Coast Local Government Area (LGA) softened by -1.0% to $633,750 for houses and by -5.4% to $401,900 for units. This suggests that the Robina property market is a premium market compared to Gold Coast LGA – both from an entry price and capital growth perspective. Owner-occupiers and investor looking to buy in Gold Coast need to consider Robina as an area to invest.
Between Q2 2017 and Q2 2018, the market remains in the buyers’ favour with average vendor discount widening to -3.2% for houses and -2.6% for units. Sellers are willing to negotiate on their first list asking price, benefiting buyers with increased affordability.
Median weekly rent in Robina has softened by -1.7% to $590 for houses and by -0.9% to $530 for units respectively. Average days is currently low at 23 days for houses and 21 days for units which indicates a healthy rental demand. Low vacancy rates of 2.0% combined with high rental yields of 4.8% (house) and 6.2% (units) confirms Robina as a desirable location for investment. First time investors are encouraged to consider this area in their portfolio.
