Suburb Profile Report for Varsity Lakes QLD (4227)

Varsity Lakes House: Median price $615,000, Annual capital growth 3.15%, Number of sales 152, Weekly median advertised rent $550

Varsity Lakes Unit: Median price $447,450, Annual capital growth 2.46%, Number of sales 536, Weekly median advertised rent $470

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

Source: CoreLogic

  • House Report
  • Unit Report

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%

Metrics i HOUSE UNIT
$615,000 $447,450
0.00% -0.12%
6.59% 4.06%
3.15% 2.46%
$550 $470
152 536
4.65% 5.46%
38.45 65.94

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
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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