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Investment Property Varsity Lakes, QLD, 4227

Suburb Snapshot

Varsity Lakes is a suburb in the Gold Coast Region of Queensland. Varsity Lakes has a population of 15,024 people and 40.60% of its occupants live in rental accommodation. The median listing price for houses is $1,100,000 and this has changed 15.78% over the past year and changed 17.33% over 2 years.

The median rent in Varsity Lakes for houses is $880 per week and the median rental yield is 4.16%. Stock on the market for houses/townhouses has changed -18.75% compared to last year and the average time to sell a house/townhouse is 39 days.The median listing price for units is $700,000 and this has changed 14.75% over the past year. The average unit takes 97 days to sell and the median rent for a unit in Varsity Lakes is $715 per week, producing a rental yield of 5.31%.

Supply & Demand in Varsity Lakes, Gold Coast

0.79%

Current vacancy rate


57

Rental stock available


15,024

Population


40.60%

Rental population


1.03%

Current vacancy rate


2,976

Rental stock available


555,721

Population


31.09%

Rental population


0.87%

Current vacancy rate


20,720

Rental stock available


4,703,187

Population


29.39%

Rental population


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Statistical data for Varsity Lakes, Gold Coast

  House Townhouses Units
Median listing price $1,100,000 $820,000 $700,000
Median price change - last quarter 0.00% 3.92% 0.71%
Median price change - 1 year 15.78% 9.47% 14.75%
Median price change - 2 years 17.33% 17.31% 22.80%
  House Townhouses Units
Median weekly rent $880 $800 $715
Median yield % 4.16% 5.07% 5.31%
Median rent change - 1 year 6.02% 6.66% 2.14%
  House Units
Previous month sales 8 7
Stock on market previous month 26 45
Stock variance vs. last year -18.75% -10.00%
Average days on market 39 97

Varsity Lakes investment property listings

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