Robina Property Market Update 1st Half of 2022
In Q4 2021, Robina recorded a median house price of $1,045,000, and a median unit price of $600,000. This represents annual (Q4 2020 – Q4 2021) median price growth of 33.3% for houses and 17.6% for units. Between Q4 2020 – Q4 2021 total sales in both markets increased, up by 8.8% for houses (to 148 sales) and by 12.8% for units (to 211 sales). Current owner occupiers and downsizers can benefit from real returns on capital investment, as median price growth is alongside an increase in the number of sales. Ready-to-sell houses are in high demand, creating an opportunity for developers.
Average vendor discounts between Q4 2020 and Q4 2021 have swung to a premium of 4.0% for both property types. Market conditions in Robina have continued to favour sellers, where buyers are willing to negotiate above the initial listing price. Now is a great time for sellers to capitalise in the current market.
In December 2021, house rental yields in Robina were recorded at 4.7%, higher than Gold Coast (4.1%) and Brisbane Metro (3.4%). In the 12 months to Q4 2021 the median house rental price increased by 17.4% to reach $775 per week and average days to let remained low, at 18 days. Overall, this represents a resilient rental market.
4+ bedroom houses have provided investors with +17.1% rental growth annually, with a median rent of $820 per week.
Also in December 2021, Robina recorded a vacancy rate of 0.6%, on par with Gold Coast LGA and well below that of Brisbane Metro (1.3%). Vacancy rates in Robina has trended below the 1.0%mark over the past 12 months and remain well below the Real Estate Institute of Australia’s healthy benchmark of 3.0%. This confirms there is still a healthy rental demand and investors can be confident of a conducive investment environment in Robina.
