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Varsity Lakes, QLD 4227
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,350,000
market range $1.3M-$1.6M
Median Unit
$920,000
market range $850K-$1.0M
Gross Yield (houses)
3.9%
1yr Growth (houses)
+13.0%
market range +12.5% to +20.0%
Investment snapshot for Varsity Lakes
Varsity Lakes has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Varsity Lakes market and investor summary
Varsity Lakes (QLD 4227) runs a median house price of $1.4M, with houses yielding a gross 3.9%. House prices have moved +13.0% over the past year and +41.3% over three years. At 0.6% vacancy, it is a tight rental market that favours landlords.
For an investor, the rent-to-price profile sits mid-range: a gross house yield near 3.9% is neither a standout cashflow play nor a pure growth bet. Rental demand looks steady, with vacancy at 0.6% and a resident base that is not shrinking. If you are weighing units rather than houses, a pipeline of new approvals is worth watching as future supply that can hold back apartment price and rent growth.
Living in Varsity Lakes: people, income and schools
Varsity Lakes has a resident population of roughly 16,493, and the area has been growing steadily, up about 7% over five years. The median age is 36, broadly working-age, and families account for 70% of households.
Households here earn a median of about $86,000 a year, or roughly $1,650 a week. On socio-economic measures it ranks comfortably above the national middle (8 out of 10 on the ABS advantage index). At current prices a median house runs to a steep 15.8 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 19% over five years, which tends to underpin what local buyers can pay.
There are 20 schools within about 5km, testing a little above the national school average on ICSEA. It is roughly 79 km from the CBD. It is fairly car-dependent; the suburb scores 41 for walkability and 62 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Node.
- Population
- 16,493
- +7% over 5yr
- Median age
- 36 years
- Median household income
- $86,000/yr
- Households renting
- 43%
- Family households
- 70%
- Socio-economic rank
- 8/10
- ABS advantage index
- Schools within 5km
- 20
- avg ICSEA 1082
- Unemployment
- 2.8%
- Distance to CBD
- 79 km
- Walk score
- 41/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Varsity Lakes
View all →Frequently asked questions about Varsity Lakes
What should I check before investing in Varsity Lakes?
Varsity Lakes has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.6% gives a usable rent-to-price starting point. Capital growth of +13.0% in the past year shows strong recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Varsity Lakes?
The median property price in Varsity Lakes, QLD 4227 is $1.4M for houses and $920K for units.
What rental yield does Varsity Lakes show?
The gross rental yield in Varsity Lakes is 3.9% for houses and 4.6% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Varsity Lakes?
House prices in Varsity Lakes are up 13.0% over the past year and up 41.3% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Varsity Lakes?
The current vacancy rate in Varsity Lakes is 0.6%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Varsity Lakes?
Varsity Lakes has a population of approximately 16,493 residents, with a median age of 36.
What schools are near Varsity Lakes?
There are 20 schools within roughly 5km of Varsity Lakes. Their average ICSEA is a little above the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Varsity Lakes affordable to buy in?
A median house in Varsity Lakes costs about 15.8 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Varsity Lakes's population growing?
The population of Varsity Lakes has grown about 7% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Varsity Lakes from the CBD?
Varsity Lakes is about 79 km from the CBD.
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