Suburb Profile Report for Varsity Lakes QLD (4227)

Varsity Lakes House: Median price $597,500, Annual capital growth 3.89%, Number of sales 150, Weekly median advertised rent $540

Varsity Lakes Unit: Median price $409,000, Annual capital growth 1.67%, Number of sales 331, Weekly median advertised rent $450

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

Source: CoreLogic

  • House Report
  • Unit Report

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 8.64%

Varsity Lakes,4227 has offered an average of 8.64% return per annum in house price rises to property investors over the last three years.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Varsity Lakes, 4227. Typically our figures indicate that -4.59% is being offered, which puts this QLD suburb at 2863th most discounted overall in Australia.

In the last year 150 properties changed hands in Varsity Lakes, which puts it as the 112th most active market in QLD when comparing the number of sales per suburb.

Varsity Lakes is 406th on a list of best yielding suburbs for rents in QLD with a 4.70% return

Varsity Lakes, 4227 ranked 156th in QLD when comparing growth in median property values or capital gain over the last 12 months. Varsity Lakes is one of 2415 in our list for QLD

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Varsity Lakes has increased when compared to the 5 year average annual rate.

Sellers are offering property buyers an average discount of -4.30% to buyers in Varsity Lakes at the moment, which is less than average for the rest of QLD.

Situated 77.85km from the CBD, Varsity Lakes is one of Gold Coast localities in the postcode 4227.

HOUSE UNIT
$597,500 $409,000
4.78% -0.24%
8.64% 2.25%
3.89% 1.67%
$540 $450
150 331
4.70% 5.72%
40.4 65.58

Source: CoreLogic

DSR Score for property investment : Good (H), Good (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