Based on its average 5-year and quarterly capital gains VARSITY LAKES, 4227 saw average growth in the long term.
A survey of average capital gains or median home price increase in suburbs across the country shows that VARSITY LAKES, 4227 obtained a 2.6% growth over a ten-year period. It ranks 2675th on our list of suburbs that property investors should look into.
VARSITY LAKES, 4227 in QLD belongs to the local government area of Gold Coast.
VARSITY LAKES, 4227 has a capital gain of 1.14% for the past year, which is lower than average compared to its 32.62% growth within a five-year period.
With the median home price in VARSITY LAKES sitting at $619,000, and the average rent at $550, property owners could potentially earn a 4.62% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in VARSITY LAKES are low, as opposed to average gains per annum over the past five years.
A steady increase in median property prices over a five-year period in VARSITY LAKES, 4227 translates to a 14.62% capital gain.
VARSITY LAKES, 4227 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $447,000.
Profits due to an upward trend in home prices in VARSITY LAKES, 4227 averaged 4.87% per annum over a 3-year period.
Home owners selling their properties and realtors in VARSITY LAKES usually have to wait an average of 63.4 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $470 mark, reflecting a 5.47% increase in returns based on the current median price in VARSITY LAKES.
VARSITY LAKES, 4227 places 155th in Australia based on median property value growth during the quarter.