Gold Coast real estate: Why Robina is on the up

THE Gold Coast suburb of Robina is emerging from the shadows of Burleigh Heads with a string of record-breaking sales in recent weeks.

Over the weekend Ray White Robina’s Matt Micallef sold 15 Malvern Place for $2.4 million — it is the highest price paid for a single-level waterfront house in the suburb.

“A buyer from Sydney saw it,” he said.

“We had it all signed within 10 minutes of the viewing.”

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15 Malvern Place, Robina.

The four-bedroom house overlooks West Lake and is in the Robina Quay pocket.

It has been fully renovated and has an open-plan design that leads out to an undercover entertaining area with built-in barbecue overlooking the pool.

Mr Micallef said Robina’s infrastructure and proximity to schools as well as the beach was a major selling point.

There was also a variety of dwellings from sprawling family homes to units, townhouses and villas, he said.

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19 Banff Court, Robina sold for $2.5 million.

Earlier this month an expat couple dropped $2.5 million on a Robina home fronting a golf course.

The five-bedroom, three-bedroom house at 19 Banff Ct was on the market for the first time since it was built in 2003 and attracted strong interest from local as well as international buyers through the campaign.

It was marketed by Ben Williams, of Re/max Regency, and notched up the highest sale price on record for a dry block, or non-waterfront property, in Robina.

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5 Pipers Point, Robina sold for $2.765 million in March.

A six-bedroom, four-bathroom house complete with a basketball court holds the crown of most expensive house in Robina after it sold in 2022 for $2.85 million.

The property at 5 Pipers Point sold again in March, 2023 for $2.765 million.

Robina is now one of the Gold Coast’s biggest community hubs with state-of-the-art shopping, recreation and education facilities.

It has more than 30 parks and is surrounded by lakes, waterways, walking tracks and cycling paths.

PropTrack records show house prices in Robina have levelled off from the pandemic boom of 2021/22, but climbed 4.8 per cent over the last 12 months to a median of $1.05 million.

According to the latest PropTrack Home Price Index, national home prices continued to stabilise in April after rising for the fourth consecutive month, rising 0.14 per cent.

The cumulative increase in 2023 is now 0.75 per cent.

Strong migration, tight rental markets and limited supply are offsetting the impact of rapid interest rate rises.

Article source: Queensland Property Investor