Hot Property: The biggest stories this week
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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 2.47% growth over a ten-year period. It ranks 2597th 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 (C).
VARSITY LAKES, 4227 has a capital gain of 4.36% for the past year, which is higher than average compared to its 15.72% growth within a five-year period.
With the median home price in VARSITY LAKES sitting at $622,000, and the average rent at $570, property owners could potentially earn a 4.77% 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.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $622,000 | $430,000 |
| GROWTH REPORT | ||
| Median Quarterly | -0.16% | 0.35% |
| Median 12 month | 4.36% | 2.14% |
| Median 3 years | 2.56% | 3.61% |
| Median 5 years | 15.72% | 8.18% |
| 10 years average annual | 2.47% | 1.03% |
| Weekly media advert. rent | $570 | $475 |
| Time on Market | 43.8 days | 68.1 days |
| Gross Rental Yield Percent | 4.77% | 5.74% |
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