YOUTH MARKET STRENGTHENS FOR ROBINA APARTMENTS
Written on the 20 February 2015 by Nick Nichols
APARTMENT living is on the rise at Robina, and it is young professionals and empty nesters that are driving that growth, according to the latest research.
Property analyst Urbis has found strong employment growth and connectivity were the key drivers to Robina's appeal to Gen Y and Baby Boomers.
A report compiled by Urbis found the 20 to 24 year old age group, part of Gen Y, was the standout demographic in terms of growth, with the total Gen Y population accounting for 21.4 per cent of residents.
Baby Boomers make up 25.6 per cent of residents, while the 65-plus age bracket at 17 per cent.
According to Urbis, Robina's appeal with these demographics contributed to rising apartment sales since the beginning of 2011, with volumes increasing by 19.8 per cent every six month period through to the end of 2013.
Urbis senior consultant Lynda Campbell says the diverse demographic makeup of Robina is underpinning the rental market and demand for apartments.
"Gen Y residents seek out areas that provide a wealth of job and education opportunities within walking distance, as well as connectivity to other key destinations ," she says.
"Similarly, 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.
"Robina ticks the boxes on all fronts, which is appealing to these demographics and is underlying the demand for two and three bedroom apartments in particular."
Campbell says Robina is likely to continue attracting more Gen Y residents, with employment expected to grow well ahead of the Gold Coast average.
"Long-term employment within Robina is projected to increase by almost 74 per cent, significantly higher than the Gold Coast City figure of 46.7 per cent," she says.
"Job opportunities are available across diverse fields, with business services, retail/hospitality, professional health and community being the largest employers in the region."
Robina group has capitalised on growing demand in the region with the launch of the $30 million Bohème Apartments (pictured above left), a boutique project within the $200 million CityVillage masterplanned community.
Bohème will feature 52 two and three bedroom apartments over seven levels.
Terrace homes in Robina group's CityVillage (pictured right) have also been in high demand, with the first four stages - totalling 130 homes - sold out, and a new stage of 22 terrace homes recently released.
Robina Group director Tony Tippett says CityVillage has been designed to meet continued demand for low maintenance, high quality living in the heart of Robina.
"CityVillage boasts a diverse mix of living options in addition to Bohème, including the sold out two level terrace homes and the stage six tri-level terrace homes, which boast three bedrooms and a third recreational lounge level and are available from $639,000," he says.
"Bohème has added a new dimension to the highly successful community, and is appealing to a mix of first home buyers and those wanting to downsize."
Tippett says property in Robina is tightly held.
"Some apartment buildings in Robina still retain 90 per cent of the original owner- occupier buyers, 10 years on from completion, so there is a very loyal resident base in Robina," he says.
"Those who do decide to sell typically upgrade to a new property within Robina."
Robina celebrates its 35th anniversary this year, with the suburb evolving largely in line with the original master plan that was released in the early 1980s.
Author: Nick Nichols