Varsity Lakes is a well-established suburb in Queensland within the Gold Coast local government area (postcode 4227). It is home to about 16,493 residents, with a mix of young professionals and families and a median age of 36. Households earn a median income of $86K per year, with an average household size of 2.5 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.8% year-on-year at the LGA level. QLD employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. QLD also had 32 Commonwealth-backed major projects under construction, 12 underway, and 50 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, community & personal service, technicians & trades. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Irish.
Varsity Lakes has a median house price of $1.1 million, which has risen steeply by 13.4% year-on-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 5,699 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 3.8% (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. Population growth of +1.8% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.