Suburb Profile Report for Varsity Lakes QLD (4227)

Varsity Lakes House: Median price $625,000, Annual capital growth 2.42%, Number of sales 158, Weekly median advertised rent $570

Varsity Lakes Unit: Median price $430,500, Annual capital growth 1.04%, Number of sales 187, Weekly median advertised rent $470

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

Source: Monthly data update for Nov 2020 as supplied by CoreLogic. Data is reported to the period ending Aug 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Varsity Lakes, 4227 ranked 372th 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.

LACK OF BUYER INTEREST may well be the reason that Varsity Lakes is offering property investors an average of -5.18. This rate of discount on properties puts Suburb at number 581th in terms of most discounted suburbs in QLD

At number 497 in a list of fastest selling suburbs, Varsity Lakes is in the TOP 20% of suburbs in Australia with an average of days on market 45.3077 for properties listed there.

Over the last year, property investments in Varsity Lakes, 4227 have given investors a capital gain of 1.95%. This compares averagely with the 1.55% for QLD as a whole.

The five-year average increase in median property values for Varsity Lakes,4227 has given property investors a potential capital gain of 8.99% across each of those five years.

At number 163th of QLD’s most discounted properties, Varsity Lakes is in the TOP 10% of the state/territory when listing in order of most discounted to least.

Varsity Lakes is 160th on a list of best yielding suburbs for rents in QLD with a 5.68% return

Metrics i HOUSE UNIT
$625,000 $430,500
1.42% 0.12%
4.17% 1.95%
2.42% 1.04%
$570 $470
158 187
4.74% 5.68%
45.3076923076923 66.3738317757009

Source: Monthly data update for Nov 2020 as supplied by CoreLogic. Data is reported to the period ending Aug 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Very 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
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