On Sunday Dec 13th the mrd team took a ride on the first trains from Robina to the new Varsity Lakes hub (next to the Acacia Centre that many of our clients have invested in).
The new $25 million station will be the centre of a “village” project. The Varsity Station Village precinct will feature residential, retail and commercial buildings providing services, shops, employment and apartment style living – all in close proximity to high quality public transport.
While at the Robina station we took a quick photo of the new $188 million Robina Hospital extensions. These are well underway and additional to the $42 million hospital upgrade that was completed a couple of years ago.
This is a 6 story complex of multiple buildings directly opposite The Wharf residential project – again one that many of our clients have invested in.
Robina Hospital Stage Two and Three
- Due for completion 2012
- New and refurbished buildings
- $287.7 million
- 154 new beds
- Clinical education and research centre
- Providing higher level care in:
- medicine
- palliative care
- aged care
- surgery
- rehabilitation; and
- mental health
Opposite these extensions land is set aside for the $37 million Robina Health precinct (see satellite photo below). Scheduled for completion in late 2011, the community will have a 3,500 m2 multi-disciplinary health facility providing:
- chronic disease management;
- post acute care;
- integration between child and youth mental health, child health and midwifery services; and
- car parking facilities.
The Titans $30 million “Centre of Excellence”, now well underway, is adjacent to Skilled Park (the Titan’s stadium) which was completed just two years ago at a cost of $160 million!
The Titans, newest entrants to the NRL competition, have continued to invest in the long term future and development of the Club and its players by constructing a ‘state of the art’, multi-million dollar training facility adjacent to Skilled Park at Robina.
Offering a range of world class facilities, the Gold Coast Titans will be one of the best equipped in the NRL competition. At a cost of $30 million, CEO Michael Searle says the five story office and training complex will be unrivaled in this country and the envy of sporting teams the world over.
We noted new signs advertising the Stadium Village complex.
Stadium Village will be a vibrant seven days-a-week precinct anchored by Skilled Park Stadium. Stadium Village is capable of accommodating over 200,000 m2 of space in addition to the stadium itself.
Stadium Village will transform the new stadium into a living and vibrant people environment, with piazzas, trees, water, modern workplaces and contemporary village communities, alongside entertainment, leisure and hospitality for the whole family. Part of this development focuses on a sports medicine centre.
The satellite photo above will show you how much is happening in the immediate precinct of The Wharf and St Kilda; two of the more recent residential developments we have recommended. The Wharf stands alongside the newly completed $82 million , 16 story “Rocket” commercial building.
This whole area is only a ‘hop, skip and a jump’ from the Robina Town Centre where a new $92 million Myer store is under construction and the $350 million extension and revitalisation project was completed earlier this year. From the restaurants that surround the lake, or the ‘state of the art’ brand new cinema complex that overlook the lake, these residential projects are just a few minutes walk.
Robina Town Centre is alongside the M1 highway where $420 million is currently being spent. There is a new $80 million interchange alongside the new Varsity Lakes railway station. Just a couple of kilometres north is the Robina interchange at a cost of $60 million. Work is also well underway on the $47 million Mudgeeraba/Robina interchange (again a couple of kms from the Wharf, hospitals and stadium). Main Roads is also widening the highway from Nerang to Worongary from 4 lanes to 6 lanes in an attempt to cope with the increased traffic levels brought about by massive population growth in the region. Currently 107,000 cars a day use this stretch of the motorway.
We trust this information will encourage those mrd clients who have or are in the process of investing in one of the Robina projects we have recommended. For those clients that have not invested in the Robina Town Centre precinct or who toyed with the idea, it should give you a clearer understanding of why we recommend the projects we do and why we ourselves have been actively investing here.
As a fall-out of the “Global Financial Crisis” there are no new residential projects under construction in this area, nor is there much in the way of completed stock still available. Even if a developer started on a new project today we would still be looking at a wait of between 18 and 24 months before that stock was completed; and that is assuming a developer could find the land to develop, a bank to fund the project and was prepared to take on the risk at this time. All in all this amounts to a great outcome for property holders in Robina.
Projects with very limited stock still available are The Wharf and St Kilda.
Another very exciting boutique townhouse development that we are very excited to offer is called Wynd Villas (NB: Nick’s dad has contracted to buy one of these). To find out more about Wynd Villas click here.
Other Great Areas
Robina is of course only one of the areas with projects we recommend but the information above should give you some confidence regarding the research we do and the reasons we would recommend a specific property.
For more information or to request a complimentary no obligation cash flow analysis report on the above mentioned Robina properties:
- Call mrd on (07) 5580 8888 or
- Click here
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