Independent review:
New off the plan houses in Robina.
We visited the sales office and display last week.
3 bedroom, 2 bathroom, 160 m2, asking A$469,000.
Positives
- No body corporate! Because it's on private roads
- Rent projections of up to $500, but I'd say use $450 in your calculations.
- Stage 1 and 2 of garden way (same design) already sold out, so there is demand for this type of property
- Solid steel construction, so sound proof
- Low maintenance, gardens all paved.
- Plenty of storage
- Good location, right behind McDonalds in Robina Town Center.
- Close to schools, rail, shops, hospital.
- 10% deposit, nothing to pay till next year.
- obviously heaps of depreciation available.
- Inside is bigger than it seems, decent double sized bedrooms.
- Surprisingly enough light and space.
- suitable for small family or friends.
Negatives
- Stage one is not idea, still a bit far from Robina Town center.
- It's only 160m2, so not suitable for larger families. And expensive given land area.
- The laundry is on the top floor, so they expect people will use the dryer
- Not much of a yard or much personal space at all for this price.
- Really steep single staircase- NOT suitable for empty nesting elderly people.
Research:
Expected completion is early next year, settlement 2014. But worth looking out for stage 4- waterfront. And stage 2-3, closer to access roads.
Most of this stage one has been sold, or reserved. I suspect a lot of Asian buyers here, because only the numbers 4 and multiples of 4 are left- a really unlucky number. So either put up with heaps or other renters or sounds of mahjong long into the night.
Repayments: approximately $2776/ month + water/rates approximately $250/month
Personally, I wouldn't pay more than A$450,000 for this property as an investment, but developers said there is no room for bargaining. For A$469,000 if you want to drive, you can easily buy a property with double the space 5 minutes away.
New off the plan houses in Robina.
We visited the sales office and display last week.
3 bedroom, 2 bathroom, 160 m2, asking A$469,000.
- No body corporate! Because it's on private roads
- Rent projections of up to $500, but I'd say use $450 in your calculations.
- Stage 1 and 2 of garden way (same design) already sold out, so there is demand for this type of property
- Solid steel construction, so sound proof
- Low maintenance, gardens all paved.
- Plenty of storage
- Good location, right behind McDonalds in Robina Town Center.
- Close to schools, rail, shops, hospital.
- 10% deposit, nothing to pay till next year.
- obviously heaps of depreciation available.
- Inside is bigger than it seems, decent double sized bedrooms.
- Surprisingly enough light and space.
- suitable for small family or friends.
- Stage one is not idea, still a bit far from Robina Town center.
- It's only 160m2, so not suitable for larger families. And expensive given land area.
- The laundry is on the top floor, so they expect people will use the dryer
- Not much of a yard or much personal space at all for this price.
- Really steep single staircase- NOT suitable for empty nesting elderly people.
Research:
Expected completion is early next year, settlement 2014. But worth looking out for stage 4- waterfront. And stage 2-3, closer to access roads.
Most of this stage one has been sold, or reserved. I suspect a lot of Asian buyers here, because only the numbers 4 and multiples of 4 are left- a really unlucky number. So either put up with heaps or other renters or sounds of mahjong long into the night.
Repayments: approximately $2776/ month + water/rates approximately $250/month
Personally, I wouldn't pay more than A$450,000 for this property as an investment, but developers said there is no room for bargaining. For A$469,000 if you want to drive, you can easily buy a property with double the space 5 minutes away.
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