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 10.39%
Varsity Lakes,4227 was ranked 641 in Australia by increase in median property value over the quarter.
Vendor discounting in Varsity Lakes is giving property investors an average Vendor Discount of around -3.98%. This puts suburb at number 783th in QLD when ranking the most discounted suburbs.
On average over the past year, suburb has had 12.58 sales per month, which equates to 151 per year.
Using the current median advertised rental of $540 and the average annual increase in value of a median property of 4.00%, investors should hope to achieve an overall return of 4.62%
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 3.32%.
Over the longer term, Varsity Lakes has seen property prices show investors a 12.95% return over the last 3 years. This is worse than over the last 12 months
The most recent median price for Varsity Lakes is $412250, with sellers offering an average of -4.48% off the asking price.
Using the current median advertised rental of $450 and the average annual increase in value of a median property of 1.76%, investors should hope to achieve an overall return of 5.68%