2. QLD
  3. Gold Coast

Houses Units

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

$1M Median Sale Price (National Average $485k) 265th In QLD
12.95% Median Sale Price Change (1yr) (National Average 4.30%) 471st In QLD
$850pw Median Rent (National Average $395) 64th In QLD
4.2% Median Gross Yield (National Average 4.24%) 344th In QLD
Properties sold 160
Average discounting -4.48%
Average Days on Market 28
Stock on Market 130 for sale

Investment Strategy Scores

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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.

Upgrade to Premium to see available development permits for Varsity Lakes, QLD.  Learn more

Property Prices in Varsity Lakes


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State Auction Clearance Rates


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Local Schools


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Suburb Information

Varsity Lakes, QLD 4227

Part of: Gold Coast Council No data available

The size of Varsity Lakes is approximately 5.9 square kilometres. It has 23 parks covering nearly 10.6% 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 160 Houses sold in Varsity Lakes in the past 12 months with a median sale price of $1M, up 13.0% annually. It takes on average 15 days to sell with vendor discounting of -4.5%.

Others also viewed

Suburb Median Sale Price Change (1yr) Median Sale Price Median Rent Median Gross Yield
Robina QLD, 4226 15.35% $1,217,500 $880pw 3.8% View Suburb Profile
Vasse WA, 6280 17.50% $705,000 $710pw 5.2% View Suburb Profile
Burleigh Waters QLD, 4220 8.89% $1,500,000 $1,000pw 3.5% View Suburb Profile
Pennington SA, 5013 2.08% $704,500 $550pw 4.1% View Suburb Profile
Burleigh Heads QLD, 4220 -6.47% $1,300,000 $975pw 3.9% View Suburb Profile
Elanora QLD, 4221 7.30% $1,250,000 $950pw 4.0% View Suburb Profile

Currency

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