Suburb Profile Report for Varsity Lakes QLD (4227)

Varsity Lakes House: Median price $670,000, Annual capital growth 3.63%, Number of sales 195, Weekly median advertised rent $600

Varsity Lakes Unit: Median price $470,000, Annual capital growth 1.95%, Number of sales 306, Weekly median advertised rent $480

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

Source: Monthly data update for Jul 2021 as supplied by CoreLogic. Data is reported to the period ending Apr 2021. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Varsity Lakes, 4227 ranked 549th 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

Across a shorter period, Varsity Lakes, 4227 has seen a median price increase of 3.08% over the last quarter.

Varsity Lakes, 4227 is offering QLD ‘s 451th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this QLD.

In the last year 195 properties changed hands in Varsity Lakes, which puts it as the 105th most active market in QLD when comparing the number of sales per suburb.

Varsity Lakes is 372th on a list of best yielding suburbs for rents in QLD with a 4.66% return

Property value increases in Varsity Lakes have tracked just higher than the QLD average of 7.37% over the last 12 months.

The five-year average increase in median property values for Varsity Lakes,4227 has given property investors a potential capital gain of 15.06% across each of those five years.

Sellers are offering property buyers an average discount of -3.76% to buyers in Varsity Lakes at the moment, which is less than average for the rest of QLD.

At number 434 in a list of fastest selling suburbs, Varsity Lakes is in the TOP 30% of suburbs in Australia with an average of days on market 55.5222 for properties listed there.

Property investors should expect to get $480 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$670,000 $470,000
3.08% 4.01%
7.37% 9.81%
3.63% 1.95%
$600 $480
195 306
4.66% 5.31%
33.5642857142857 55.5222222222222

Source: Monthly data update for Jul 2021 as supplied by CoreLogic. Data is reported to the period ending Apr 2021. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Very good (H), Very 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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