BOOMERS DRIVE HOT PROPERTY
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.