Buyers drawn to the lifestyle

A limited number of apartments approved for construction as well as a diminishing supply of land for new development is putting pressure on prices for both new and existing homes in Robina

A LACK of new development in Robina paired with cashed-up buyers is driving growth in property values in the suburb, new research reveals.

A report by independent analyst Urbis showed there were 220 new apartments with development approval in Robina, and no future terrace homes in the pipeline, as projects on the market or under construction quickly near the finish line.

The only new terrace home project in Robina, Vue Terrace Homes, is being developed by Robina Group with more than $140 million of sales posted to date.

Homes in the final stage have just been completed and the finishing touches are now being added to the gated community.

Robina Group development manager Darrell Irwin said enquiry for the new homes remained strong from purchasers across the board.

“Enquiry has not abated, as buyers realise the window of opportunity to secure their place in Vue - the only project of its kind in Robina - is quickly closing,” he said.

“Interest has been further bolstered by Gold Coast City Council’s recent commitment of $8.27 million towards construction of the Robina City Parklands, a 22ha green space immediately neighbouring Vue.

He said the group was seeing demand from owner-occupiers who are attracted to the lifestyle appeal of the suburb as well as investors who were interested in leveraging solid rental returns and capital growth.

A limited number of terraces homes are still available at Vue and all are built and ready to move into, priced from $629,000.