Property investors who have had real estate in Varsity Lakes, 4227 should be relatively pleased 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 10.31%
Comparing Varsity Lakes,4227 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property buyers and investors in Varsity Lakes 4227 should be seeing an average reduction in asking price of around -3.56% . This means that Varsity Lakes is holding prices well when compared to other suburbs in QLD.
Using the current median advertised rental of $550 and the average annual increase in value of a median property of 3.42%, investors should hope to achieve an overall return of 4.65%
Investment property in Varsity Lakes has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 7.71%
The five-year average increase in median property values for Varsity Lakes,4227 has given property investors a potential capital gain of 22.13% across each of those five years.
LACK OF BUYER INTEREST may well be the reason that Varsity Lakes is offering property investors an average of -6.00. This rate of discount on properties puts Suburb at number 199th in terms of most discounted suburbs in QLD
Using the current median advertised rental of $465 and the average annual increase in value of a median property of 2.45%, investors should hope to achieve an overall return of 5.41%