Suburb Profile Report for Varsity Lakes QLD (4227)

Varsity Lakes House: Median price $577,000, Annual capital growth 3.74%, Number of sales 160, Weekly median advertised rent $533

Varsity Lakes Unit: Median price $410,000, Annual capital growth 1.42%, Number of sales 337, Weekly median advertised rent $450

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

At number 1620th in the list of Australian suburbs ordered by increase in median house value over the last year, Varsity Lakes, 4227 is in the top 40% with a property value increase of 6.70% recorded in median house prices.

Across a shorter period, Varsity Lakes, 4227 has seen a median price increase of 3.04% over the last quarter.

Property buyers and investors in Varsity Lakes 4227 should be seeing an average reduction in asking price of around -4.83% . This means that Varsity Lakes is holding prices well when compared to other suburbs in QLD.

The QLD suburb of Varsity Lakes, 4227 is in the Gold Coast local government area.

With a capital gain of 2.89% for the last 12 months, Varsity Lakes, 4227 has performed for property investments than its average annual 1.42% property growth over the last 5 years.

The five-year average increase in median property values for Varsity Lakes,4227 has given property investors a potential capital gain of 6.49% across each of those five years.

Varsity Lakes4227 is located in QLD which offers an average discount of -5.98% to property investors. Varsity Lakes itself is showing figures that indicate -4.41% is the average achievable by property buyers investing in the suburb.

Often selling an investment property can take time, and in Varsity Lakes the average time real estate has been on the market is 68.75 days.

The QLD suburb of Varsity Lakes, 4227 is in the Gold Coast local government area.

HOUSE UNIT
$577,000 $410,000
3.04% 1.23%
6.70% 2.89%
3.74% 1.42%
$533 $450
160 337
4.80% 5.71%
39.84 68.75

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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Demographics
Total population 14365
Median household income ($/weekly) 1136
Median age of persons 32
Median housing loan repayment ($/monthly) 2167
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 1866 13.0
    20-24 years 1430 10.0
    25-34 years 2350 16.4
    35-44 years 2174 15.1
    45-54 years 1615 11.2
    Others 4930 34.3
    Age Group
    Census Count Percent(%)
    Not Married 4692 46.4
    Registered Married 4163 41.2
    Defacto Relationship 1253 12.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 8770 65.5
    Croatia 257 1.9
    Papua New Guinea 1162 8.7
    United Kingdom 808 6.0
    Other 696 5.2
    Others 1703 12.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 335 2.6
    Christianity 8468 65.9
    Hinduism 124 1.0
    Islam 208 1.6
    No Religion 3574 27.8
    Others 142 1.1
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 457 9.9
    $600-$799 512 11.1
    $1,000-$1,249 450 9.8
    $1,500-$1,999 633 13.8
    $2,000-$2,499 449 9.8
    Others 2099 45.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3886 36.0
    Not in the labour force 3652 33.9
    Employed, worked part-time 2284 21.2
    Unemployed, looking for work 587 5.4
    Employed, away from work 372 3.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 769 11.8
    Professionals 1219 18.6
    Technicians & trades workers 934 14.3
    Clerical & administrative workers 946 14.5
    Sales 949 14.5
    Others 1727 26.4
    Occupation
    Census Count Percent(%)
    Pre-school 205 5.1
    Infants/Primary 1183 29.3
    Secondary 932 23.0
    Technical or Further Educational Institution 314 7.8
    University or other Tertiary Institutions 1301 32.2
    Others 109 2.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7540 57.7
    Semi-detached, row or terrace house, townhouse 3844 29.4
    Flat, unit or apartment 1667 12.8
    House or flat attached to a shop, office 18 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 2345 46.8
    Being purchased 1678 33.5
    Fully owned 963 19.2
    Other tenure type 24 0.5
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals