Suburb Profile Report for Varsity Lakes QLD (4227)

Varsity Lakes House: Median price $615,000, Annual capital growth 3.42%, Number of sales 155, Weekly median advertised rent $550

Varsity Lakes Unit: Median price $447,000, Annual capital growth 2.45%, Number of sales 481, Weekly median advertised rent $465

  • 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 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%

Metrics i HOUSE UNIT
$615,000 $447,000
0.49% 0.45%
10.31% 7.71%
3.42% 2.45%
$550 $465
155 481
4.65% 5.41%
39.02 68.89

Source: CoreLogic

DSR Score for property investment : Above average (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