Suburb Profile Report for Varsity Lakes QLD (4227)

Varsity Lakes House: Median price $610,000, Annual capital growth 3.81%, Number of sales 140, Weekly median advertised rent $550

Varsity Lakes Unit: Median price $415,000, Annual capital growth 1.81%, Number of sales 324, Weekly median advertised rent $460

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

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in Varsity Lakes, 4227 have given investors a capital gain of 10.51%. This compares very favourably with the 2.06% for QLD as a whole.

If we look at median property appreciation over just the last three months, Varsity Lakes has given property investors a paper return of 2.69%. This puts Suburb as 176 on a list of fastest fasting appreciating suburbs in QLD

State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.32% offered to property buyers. Sellers in Varsity Lakes itself are offering an average vendor discount of -3.99% to real estate investors.

Giving property investors a an average capital gain of 3.88% for the last year, Varsity Lakes, 4227 is the 772th highest performer in Australia in this respect.

Across a shorter period, Varsity Lakes, 4227 has seen a median price increase of 1.22% over the last quarter.

Varsity Lakes4227 is located in QLD which offers an average discount of -6.14% to property investors. Varsity Lakes itself is showing figures that indicate -4.78% is the average achievable by property buyers investing in the suburb.

Varsity Lakes is 112th on a list of best yielding suburbs for rents in QLD with a 5.76% return

HOUSE UNIT
$610,000 $415,000
2.69% 1.22%
10.51% 3.88%
3.81% 1.81%
$550 $460
140 324
4.69% 5.76%
35.77 69.72

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