Property investors who have had real estate in Varsity Lakes, 4227 should be ok with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 6.59%
While Varsity Lakes,4227 ranked number 480th in QLD for increase in median house value (annualised) increase, it is ranked 66th over the last 5 years.
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.84% offered to property buyers. Sellers in Varsity Lakes itself are offering an average vendor discount of -3.42% to real estate investors.
At number 358 in a list of fastest selling suburbs, Varsity Lakes is in the TOP 10% of suburbs in Australia with an average of days on market 38.45 for properties listed there.
Varsity Lakes, 4227’s gross rental yield is 4.65%
Varsity Lakes is an average performer in QLD when comparing median price capital growth over the last year. Varsity Lakes gave property investors a good capital gain figure when compared to the rest of the state, with 4.06%.
If we look at median property appreciation over just the last three months, Varsity Lakes has given property investors a paper return of -0.12%. This puts Suburb as 190 on a list of fastest fasting appreciating suburbs in QLD
The most recent median price for Varsity Lakes is $447450, with sellers offering an average of -5.20% off the asking price.
Varsity Lakes, 4227’s gross rental yield is 5.46%