Varsity Lakes QLD 4227

Here you can find what you need to know about Varsity Lakes, QLD, including house prices in the area, median values, annual growth, recent sale prices, maps, a suburb profile and much more.

Suburb Insights
for Houses in last 12 months

At a Glance

$623k Median Sale Price (National Average $485k) 248th In QLD
4.01% Median Price Change (1 yr) (National Average 4.30%) 282nd In QLD
$570pw Median Rent (National Average $395) 100th In QLD
4.8% Median Gross Yield (National Average 4.24%) 404th In QLD
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Properties sold 165
Average discounting -4.13%
Average Days on Market 45
Stock on Market 30 for sale

Investment Strategy Scores

See how this property rates against different investment strategies. Learn more

Example Only
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How we calculate the suburb Cash Flow Score

The suburb Cash Flow Score is simply the average of all the individual Cash Flow Scores for each property in that suburb.

A higher score indicates the suburb is more likely to contain properties that deliver an above average gross yield.

Varsity Lakes, QLD National
Median
Gross Yield

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Capital Growth Score

The suburb Capital Growth Score is simply the average of all the individual Capital Growth Scores for each property in that suburb.

A higher score indicates the suburb has recently experienced significant capital growth and the short term outlook for further growth is likely to be good given strong market health indicators.

Varsity Lakes, QLD National
Change in Median
Price (1 yr)
Average Days
on Market
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Lower Risk Score

The suburb Lower Risk Score is simply the average of all the individual Lower Risk Scores for each property in that suburb.

A higher score indicates the suburb has increased in value over a longer period so is less likely to only be due to recent market forces. It is also likely to contain properties that command higher rent than average and therefore attract higher income tenants. Furthermore, properties in this suburb are likely to be easier to sell in the future due to strong market health indicators.

Varsity Lakes, QLD National
Average Days
on Market
Change in Median Price
(5 yr)
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.

Development Permits for Houses

Building permits are provided for council approved development applications. Where the available permits contain the type of development, date of submission, the date of approval, estimated build cost, estimated development area, builder and materials listed.

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Property Prices in Varsity Lakes


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Latest Auction Results for Varsity Lakes as at 02 August 2020

Property Details
Sale Price
2Bed / 2Bath / 1Car / Unit
Passed In

State Auction Clearance Rates - August 2020

Auctions Clearance rate
QLD 194 48%
ACT 58 81%
NSW 643 62%
NT 3 33%
SA 54 56%
TAS 1 0%
VIC 369 55%
WA 12 33%

Local Schools


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Suburb Information

Varsity Lakes, QLD 4227

Part of: Gold Coast City - Albert Council No data available

The size of Varsity Lakes is approximately 5.9 square kilometres. It has 44 parks covering nearly 6.1% of total area. The population of Varsity Lakes in 2011 was 14,365 people. By 2016 the population was 15,000 showing a population growth of 4.4% in the area during that time. The predominant age group in Varsity Lakes is 20-29 years. Households in Varsity Lakes are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Varsity Lakes work in a professional occupation. In 2011, 51.9% of the homes in Varsity Lakes were owner-occupied compared with 51.3% in 2016. (source: Australian Bureau of Statistics)

View all properties for sale in Varsity Lakes

Demographic data provided
by Australian Bureau of Statistics


Market Trends for Varsity Lakes   for Houses in last 12 months


There have been 165 Houses sold in Varsity Lakes in the past 12 months with a median sale price of $661K, up 12.1% annually. It takes on average 24 days to sell with vendor discounting of -0.05%.

Streets in Varsity Lakes


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