Robina Rocks On

The Robina area has been one of the most active on the Gold Coast, in terms of both new apartment sales and re-sales in the period from 2002 to the end of 2008, according to research just released by Colliers International Research.

An in-depth survey of all sales and also the capital appreciation of resale apartments in the overall Robina area showed that it had performed extremely well.

One bedroom apartments increased an average of $204,000 in 2003 to $328,000 in 2008," and "Two-bedroom apartments have gone even further from an average of $272,000 in 2003 to $521,000 this year.

"Three-bedroom apartments, meantime, have proven to be the best performers with prices rising from $295,000 in 2003 to an average of $626,000 this year."

Many purchasers within Robina in the past five or six years had been drawn to the location because it is so central to everything offered on the Gold Coast, but also because of the facilities and infrastructure that had been added within Robina.

New infrastructure includes;

• $160 million Gold Coast Titans home ground Skilled Park;

• The $287 million upgrade to the Robina Hospital;

• The Robina Railway Station and the $324 million Robina to Varsity Lakes rail extension;

• The $300 million expansion to Robina Town Centre;

• The $47 million Mudgeeraba Interchange upgrade;

• The council's community facility and public library;

• The education facilities

• The expanded road network as being significant draw cards for investors and residents.

Another reason for Robina's success was that the residential product that had been developed there was largely targeted at 'middle Australia'.

"The price range between $400,000 and $600,000 is the most active and it is also the sector that responds most positively to a low interest rate environment so the product within the River walk precinct particularly has been very well received,"

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