Varsity Lakes

POSTAL CODE: QLD, 4227

HOUSE

UNIT

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 8.71% growth over a ten-year period. It ranks 712th 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 13.48% for the past year, which is lower than average compared to its 92.91% growth within a five-year period.

With the median home price in VARSITY LAKES sitting at $1,225,000, and the average rent at $850, property owners could potentially earn a 3.61% 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 33.44% capital gain.

Property investors enjoyed capital gains of 9.27% over the last 12 months in VARSITY LAKES, translating to lower returns compared with its peers in QLD.

VARSITY LAKES, 4227 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $820,650.

Profits due to an upward trend in home prices in VARSITY LAKES, 4227 averaged 11.15% per annum over a 3-year period.

Home owners selling their properties and realtors in VARSITY LAKES usually have to wait an average of 26 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $805 mark, reflecting a 5.1% increase in returns based on the current median price in VARSITY LAKES.

VARSITY LAKES, 4227 places 315th in Australia based on median property value growth during the quarter.

Surburb overview

Varsity Lakes is a suburb in the City of Gold Coast, Queensland, situated approximately 87 kilometres south of Brisbane CBD. The driving time to Brisbane is around 1 hour and 35 minutes, while direct train services from Varsity Lakes station to Brisbane Central station take approximately 1 hour and 19 minutes, with departures every 30 minutes.

As per the 2021 Census, Varsity Lakes had a population of 16,493 residents. The median age was 36 years, slightly below the national median of 38. The suburb exhibits a diverse age distribution, with 5.4% of residents aged 0–4 years and 8.0% aged 30–34 years.

Public transportation in Varsity Lakes includes the Varsity Lakes railway station, which is the terminal station on the Gold Coast line, providing direct train services to Brisbane. Bus routes such as the 750 and 753 connect the suburb to surrounding areas, including Broadbeach and Robina.

Essential establishments in Varsity Lakes encompass a range of amenities. Market Square on Varsity Parade offers a variety of retail and dining options, while Christine Corner provides additional shopping facilities. Educational institutions in the area include Varsity College, a government primary and secondary school, and Bond University, located nearby.

Amenities such as the Varsity Lakes Sports House support recreational activities by offering facilities for water sports and fitness activities. Varsity Central Park features workout stations, a basketball court, and a 350-metre pathway suitable for various fitness levels. Lake Orr offers opportunities for paddleboarding and kayaking, with equipment rental options available nearby.

Varsity Lakes presents a suburban environment with accessible amenities and recreational facilities, reflecting its position within the dynamic Gold Coast region.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,225,000	$820,650
Growth Report
Median Quarterly	8.65%	1.31%
Median 12 month	13.48%	9.27%
Median 3 years	28.95%	33.44%
Median 5 years	92.91%	86.3%
10 years average annual	8.71%	7.67%
Weekly media advert. rent	$850	$805
Time on Market	24.2 days	26 days
Gross Rental Yield Percent	3.61%	5.1%

Demographics (Median Values)*

Total Population 11799

Weekly Household Income 1004

Household Size 2.60

Average Age 32

Monthly Loan Repayment 1517

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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