Robina an investor’s paradise
ROBINA is one of the best suburbs to invest in with rental returns higher than those in Sydney and Melbourne.
CoreLogic research director Tim Lawless said Robina had emerged as one of the most popular Gold Coast areas, outpacing the wider city market on many key measures – higher rates of capital gain, higher rental rates and strong selling metrics.
Median house prices in Robina are $45,000 higher than the wider Gold Coast while unit prices are ahead by $39,000.
“This premium indicates buyers place a high value on housing in Robina, which can also be seen in the strong rate of capital gain, with house prices increasing by 5.2 per cent per annum over the past five years” Mr Lawless said.
“The average rental return for Robina is five per cent for homes and 5.8 per cent for terrace homes and apartments, which is higher than for most Australian capital cities.
“Sydney and Melbourne are showing yields under three per cent for homes and about four per cent for townhouses and apartments.
“Considering a typical house in Sydney is 73 per cent more expensive, the Gold Coast market and in particular Robina is likely to be popular for investors.”
Mr Lawless said Robina’s retail and commercial hubs, position close to employment opportunities and transport services played a large factor in the returns being achieved.
“The fact homes are selling quickly, within 30 days on average, and vendors are applying minimal discounts ... suggests buyers are acting quickly to secure property in Robina,” he said.
After strong demand from both investors and owneroccupiers, construction is due to start next month on Robina’s latest residential project, the $170 million Vue Terrace Homes development. The community has posted $25 million in off-the-plan sales.