Buyers swooping on ‘well-planned’ investor hotspot on Gold Coast

first_imgGrowing popularity of ‘residential resorts’ has influenced design of Vue Terrace Homes, which features a pool and sundeck overlooking Robina City Parklands.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 with attractive yields 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.Render of Vue Terrace Homes.“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.More from news02:37Purchasers snap up every residence in the $40 million Siarn Palm Beach North6 hours ago02:37International architect Desmond Brooks selling luxury beach villa1 day ago“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.Robina Town Centre’s Promenade. Picture: Scott Fletcher“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 — just 3.6 per cent for homes and 3.7 per cent for other properties — suggests buyers are acting quickly to secure property in Robina,” he said.After strong demand from both investors and owner-occupiers, 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, with 68 per cent of stage one now sold.Vue Robina. Photo: Suppliedlast_img

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