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Varsity Lakes
AREA REPORTS

Varsity Lakes

Varsity Lakes - SUBURB PROFILE REPORT
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 2.9% growth over a ten-year period. It ranks 2657th 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 5.37% for the past year, which is higher than average compared to its 17.73% growth within a five-year period.

With the median home price in VARSITY LAKES sitting at $647,500, and the average rent at $580, property owners could potentially earn a 4.66% 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.

Data report can be found below

Varsity Lakes
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $647,500 $455,000
GROWTH REPORT
Median Quarterly 2.78% 4.24%
Median 12 month 5.37% 6.06%
Median 3 years 9.14% 9.11%
Median 5 years 17.73% 13.75%
10 years average annual 2.9% 1.61%
Weekly media advert. rent $580 $480
Time on Market 37.7 days 60.4 days
Gross Rental Yield Percent 4.66% 5.49%
demographics (median values)*
Total Population
11799
Weekly Household Income
1004
Household Size
2.60
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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