Property investors who have had real estate in Varsity Lakes, 4227 should be relatively unhappy 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 2.50%
Varsity Lakes,4227 has offered an average of 2.50% return per annum in house price rises to property investors over the last three years.
At number 774th 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.
At number 619 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 45.13 for properties listed there.
With the median price for a house in Varsity Lakes being $615000 and the advertised rent reaching $550 the gross rental yield for property investors calculates out to be 4.65%
At number 1118th in the list of Australian suburbs ordered by increase in median house value over the last year, Varsity Lakes, 4227 is in the BOTTOM 40% with a property value increase of 0.79% recorded in median house prices.
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.
Property investors looking for a bargain in Varsity Lakes should be aiming for at least -4.72% off the asking price, which is the average vendor discount being achieved at the moment.
Property investors should expect to get $465 weekly from the median priced house in this suburb.