Varsity Lakes is a well-established suburb in Queensland within the Gold Coast local government area (postcode 4227). With a population of 16,493, the suburb has a mix of young professionals and families with a median age of 36. Households earn a median income of $86K per year, with an average household size of 2.5 people. The most common occupations are professionals, community & personal service, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Varsity Lakes is $1.1 million, having surged 13.4% over the past year. Units have a median price of $730,000 (+17.7% YoY). The current median weekly rent is $800. This gives a gross rental yield of approximately 3.8%. The median monthly mortgage repayment is $1,842.
Varsity Lakes is served by 1 school, including 1 combined. The average ICSEA score is 1065, which is above the national average of 1,000. Public transport access includes 1 rail station, 40 bus stops. The crime rate in the Gold Coast LGA is moderate at 5,745 incidents per 100,000 population.
From an investment perspective, Varsity Lakes offers a gross rental yield of 3.8%, rated as moderate yield. Property prices are near the state median ($1.1M/$1.1M). The price-to-income ratio of 12.9x is considered stretched. House prices have moved +13.4% year-on-year.
Varsity Lakes is a well-established suburb in Queensland within the Gold Coast local government area (postcode 4227). With a population of 16,493, the suburb has a mix of young professionals and families with a median age of 36. Households earn a median income of $86K per year, with an average household size of 2.5 people. The most common occupations are professionals, community & personal service, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Varsity Lakes is $1.1 million, having surged 13.4% over the past year. Units have a median price of $730,000 (+17.7% YoY). The current median weekly rent is $800. This gives a gross rental yield of approximately 3.8%. The median monthly mortgage repayment is $1,842.
Varsity Lakes is served by 1 school, including 1 combined. The average ICSEA score is 1065, which is above the national average of 1,000. Public transport access includes 1 rail station, 40 bus stops. The crime rate in the Gold Coast LGA is moderate at 5,745 incidents per 100,000 population.
From an investment perspective, Varsity Lakes offers a gross rental yield of 3.8%, rated as moderate yield. Property prices are near the state median ($1.1M/$1.1M). The price-to-income ratio of 12.9x is considered stretched. House prices have moved +13.4% year-on-year.