The growing appeal of coastal living to Baby Boomers and Gen Ys is boosting prices in developments, according to a new study.
Independent property analyst Urbis has found that terraced homes in Robina have experienced an increase of 6 per cent in their value.
These figures are something that the Robina Group is counting on with its new $170 million development, Vue Terrace Homes.
"Both of these demographics have a desire for low maintenance living in amenity-rich locations, meaning everyday conveniences and lifestyle assets like restaurants and shopping are in easy reach," said Azura Griffen, sales manager at Robina Group.
"The development of new and high quality terrace home communities in Robina, like Vue Terrace Homes, to meet this demand has resulted in strong increases in both the volume of sales and the median price over the past decade, and the trend is only set to continue,” she said.
Vue has achieved $12 million in sales since its mid-October 2016 launch.
Stage one of the release will be situated on East Lane and feature 71 three-bedroom plus media room, dual-level terrace homes, priced from $599,000.
Each home in the gated community features flexible design, European appliances and will be NBN-fibre ready on completion, allowing access to super-fast internet.
Construction is expected to start on Vue Terrace Homes early this year.
The Vue sales and display centre is open seven days a week from 10am to 5pm at Glenside Drive, Robina.