BOOMERS DRIVE HOT PROP­ERTY

The Courier-Mail - Home - - HOME - RETIREMENT LIVING - JANE PINDER

BABY Boomers are a key fac­tor be­hind Robina’s pow­er­ing apart­ment mar­ket.

Re­search by prop­erty an­a­lyst Ur­bis found the more ma­ture age groups were at­tracted to Robina, with Baby Boomers ac­count­ing for more than 25 per cent of the pop­u­la­tion, and those older than 65 mak­ing up 17 per cent.

The Out­look Robina re­port found “Baby Boomers and be­yond” were help­ing to un­der­pin the rental mar­ket, par­tic­u­larly for three-bed­room apart­ments, with that prod­uct achiev­ing a rental pre­mium of $115 a week over gen­eral apart­ment prod­uct.

Ur­bis se­nior con­sul­tant Lynda Camp­bell said Robina was the right fit for the de­mo­graphic, which the re­port found val­ued amenity within walk­ing dis­tance, along with con­nec­tiv­ity.

“Baby Boomers and be­yond look to live close to life­style- rich ameni­ties such as shop­ping, dining and ma­jor en­ter­tain­ment fa­cil­i­ties, and key ser­vices such as trans­port, hos­pi­tals, busi­ness precinct, schools, uni­ver­sity and health care,” she said.

The re­port found new apart­ments in Robina were in short sup­ply.

The first half of 2014 recorded a me­dian apart­ment price of $390,000 across Robina – a pre­mium of $20,000 over fig­ures for the wider Gold Coast lo­cal gov­ern­ment area.

Robina’s pop­u­la­tion is set to grow by 37.5 per cent in the next 21 years, to more than 30,000 res­i­dents.

On the back of high de­mand for apart­ments in the re­gion, Robina Group has launched the $30 mil­lion Bo­heme Apart­ments in the Ci­tyVil­lage mas­ter­planned com­mu­nity.

The devel­op­ment will have 52 two and three-bed­room apart­ments over seven lev­els, with fea­tures in­clud­ing a salt­wa­ter pool and trop­i­cal gar­dens.

Res­i­dents Ted and Va­lerie Lewis were look­ing for a place to set­tle dur­ing their re­tire­ment when they be­came the first peo­ple to move into Ci­tyVil­lage last year.

“It’s so close to ev­ery­thing, the roads are great, it’s a stone’s throw to Robina Town Cen­tre, and the beach is just 10 min­utes away,” Mr Lewis said.

Robina Group direc­tor Tony Tip­pett said prop­erty in Robina was tightly held.

“Some apart­ment build­ings in Robina still re­tain 90 per cent of the orig­i­nal owne­roc­cu­pier buy­ers 10 years on from com­ple­tion – so there is a very loyal res­i­dent base in Robina,” he said.

“Those who do de­cide to sell typ­i­cally up­grade to a new prop­erty within Robina.”

Mr Tip­pett said the sub­urb’s ap­peal in­cluded four golf cour­ses and the Cbus Su­per Sta­dium.

LIFE­STYLE:L Buy­ers Ted and Va­lerie Lewis en­joy their new home at Robina.

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