The latest figures show there are $7.661 billion in development projects in the pipeline in the Robina area -- which includes Burleigh Heads, Burleigh Waters, Burleigh West, Elanora, Palm Beach, Reedy Creek, Tallebudgera and Varsity Lakes. The level of development spending has remained almost unchanged over the past year, reducing by only 1.3 per cent, or $97 million.
Colliers International research manager Lynda Campbell, who compiled the figures, said the focus of development over the past decade had been around the suburbs of Robina and Varsity Lakes but this was changing with spending around Burleigh Waters and other areas on the increase.
"Burleigh Waters has the highest level of development spending in the area, with projects totalling $858 million," she said.
"Reedy Creek comes in next, with $540 million worth of projects in the pipeline."
Colliers International residential special projects director Darrell Irwin said there was still a significant level of development in Robina and Varsity Lakes, with projects totalling $935 million, but this would continue to slow as land supply diminished.
"There has been an overwhelming amount of development in Robina itself over the past decade, with one of the most significant projects being Robina Town Centre," he said. "The town centre was originally developed by Robina Land Corporation (RLC) and more recently was expanded and upgraded by its current owner, Queensland Investment Corporation (QIC). QIC also owns about 30ha surrounding the centre for future development.
"Development has sprouted up around the town centre with RLC, the original de-veloper of the suburb of Robina, focused on medium-density residential and commercial development."
Mr Irwin said development on the remaining land would likely be high-density residential development, as well as commercial development, and in some cases, there would be mixed-use projects.
"Projects in surrounding suburbs such as Burleigh Waters will be infill developments, as there isn't the availability of large development sites in these areas," he said.
Ms Campbell said while there has been a significantly high level of development in the pipeline for the Robina area overall for several years now, it was interesting that this year there was a big jump in the proportion of projects moving from the planning stages to being constructed.
"Last year there was less than $1 billion worth of projects under construction in the area, which was only 13 per cent of all the projects in the pipeline," she said.
"This year, however, 64 per cent of projects -- equating to $4.886 billion -- are under way, which is a huge increase on last year. This can largely be attributed to work starting on the M1 upgrade; interchange upgrades between Nerang and Robina have been undertaken, along with the widening of lanes between Nerang and Worongary from four to six."
The bulk of projects in the Robina area are infrastructure projects; they make up $5.1 billion of total development spending. In addition to the M1 upgrade, there are a $1.2 million rail extension to Coolangatta planned, a $40 million hospital at Varsity Lakes under way and a $48 million upgrade to Burleigh Connection Road.
The sector with the second largest level of development spending is residential, with a spend of $970 million.
Over the past year, a dozen projects were removed from the development pipeline in the Robina area, due either to their completion or because they are no longer going ahead.
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