Varsity Lakes, QLD 4227
Gold Coast City CouncilAll suburbs in postcode 4227
Updated
Median house price
$1,100,000
ABS statistical area (SA2) median · 2024
An SA2 can take in surrounding localities, so this can differ from sales in Varsity Lakes itself.
Selling in Varsity Lakes?
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Varsity Lakes at a glance
- Median unit
- $730,000
- Weekly rent
- $885
- Houses · units $800
- Population
- 16.5k
- Median age 36
Prices: ABS statistical area (SA2) median · 2024 · Rent: Queensland RTA bond data, June 2026 · Population: 2021 Census
House prices in Varsity Lakes
Across the ABS statistical area that takes in Varsity Lakes, houses changed hands at $1,100,000 in 2024, above the Queensland median. An SA2 can take in surrounding localities, so this can differ from sales in Varsity Lakes itself. Units come in around $730,000, roughly 34% below the house median.
For buyers
A 20% deposit on the median house works out to roughly $220,000. Prices sit above the Queensland median, so plan for a stretched deposit and shop carefully on borrowing capacity.
Rental data as of June 2026· Queensland RTA bond data
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What to know about Varsity Lakes
Varsity Lakes (4227) sits in the Gold Coast region of Queensland. The median house here is $1,100,000, above the Queensland median of around $780K.
Varsity Lakes has roughly 16,493 residents, with a typical family-age mix. Households are a roughly even mix of owners and renters. Day-to-day life here is very walkable, with most errands manageable on foot.
What it’s like to live here
Varsity Lakes scores 80/100 on walkability, which makes it very walkable with limited public transport. Coffee, groceries and a meal out are mostly walking-distance, which keeps a household viable on one car.
Summer days here average around 29°C (warm), winter mornings around 10°C (mild). Annual rainfall lands at about 1,408 mm. Figures are our 1991 to 2020 averages of SILO data for this location (Queensland Government, built from Bureau of Meteorology observations).
Schooling within or near the suburb covers 6 government primary, 3 government secondary, 2 Catholic, 7 independent.
Schools in Varsity Lakes
Location
Walkability
- Walk
- 80/100
- Transit
- 0/100
- Bike
- 100/100
Very walkable. Scores out of 100, calculated from OpenStreetMap data (ODbL).
Walkability data as of May 2026· OpenStreetMap
Demographics
The 2021 Census put Varsity Lakes's population at 16,493, with a median age of 36. That sits as a typical family-age mix. Households are a roughly even mix of owners and renters (54% own, 43% rent), which shapes everything from school catchment stability to how often properties turn over. The household mix skews family-dominated (70% family households, 24% lone person), so amenity decisions tend to follow what families want: parks, schools, supermarkets.
- Family households
- 70%
- Lone person
- 24%
- Owner occupied
- 54%
- Renter occupied
- 43%
Demographics data as of May 2026· ABS 2021 Census
Investment overview
Gross rental yield on houses sits at 4.18% (median rent $885/wk against a $1,100,000 price tag). Units yield 5.70% gross, often the better cash-flow play for first-time investors. With 43% of households renting, the leasing market is established and vacancy risk tends to be lower than in owner-dominated suburbs.
- Gross yield, housesSource: ABS Data by Region (SA2-level, 2024) · Dec 2024
- 4.18%
- On the $1,100,000 median
- Gross yield, unitsSource: ABS Data by Region (SA2-level, 2024) · Dec 2024
- 5.70%
- On the $730,000 median
Gross rental yield is a year’s rent divided by the purchase price, before expenses. It leaves out vacancy, management fees, maintenance and financing costs, so treat it as a starting point.
Crime and safety
134,060 offences recorded in 2026 across the Gold Coast City Council LGA
QLD Police publishes these figures only for the whole Gold Coast City Council, which may include suburbs with very different crime profiles. Quieter residential pockets likely have lower rates than the total suggests; busier areas may have higher.
Top offence categories
Source: State Police Open Data
Weather year-round
- Annual rainfall
- 1,408 mm
- Hottest month, avg max
- 29.1°C
- Coldest month, avg min
- 10.0°C
Rainfall by month
Our 1991 to 2020 averages of SILO data (Queensland Government, built from Bureau of Meteorology observations, CC BY 4.0) for this location.
Climate data as of October 2026· SILO (Queensland Government), from Bureau of Meteorology observations
Questions about Varsity Lakes
- What is the median house price in Varsity Lakes?
- The median house price for the ABS statistical area (SA2) that takes in Varsity Lakes, QLD 4227 is $1,100,000 (2024). An SA2 can take in surrounding localities, so this can differ from sales in Varsity Lakes itself. The median unit price is $730,000.
- How much is my house worth in Varsity Lakes?
- A useful starting point is the Varsity Lakes median house price of $1,100,000 (units $730,000). Your home will sit above or below that depending on land size, condition, position and what comparable homes nearby have sold for recently. For a figure specific to your property, request a free property appraisal from a local agent using the form on this page.
- Is Varsity Lakes a good investment?
- On the published figures, the gross rental yield on houses in Varsity Lakes is 4.2%: the median weekly house rent is $885 (Queensland RTA bond data, June 2026) against the ABS statistical area (SA2) median house price of $1,100,000 (ABS, 2024), which can take in surrounding localities. No 12-month price change is published for Varsity Lakes: the ABS figures we hold do not measure one. Whether Varsity Lakes is a good investment for you depends on the price you pay, your loan and holding costs, vacancy and your tax position. These are published market figures, not financial advice.
- What is the Varsity Lakes postcode?
- Varsity Lakes is in the 4227 postcode, in QLD, in the Gold Coast City Council region.
- Where is Varsity Lakes?
- Varsity Lakes is a suburb in the Gold Coast City Council area, QLD 4227.
- What is the average rent in Varsity Lakes?
- The median weekly rent for houses is $885, for units it's $800.
- What schools are in Varsity Lakes?
- There are 20 schools serving Varsity Lakes on this page, including Varsity College, Caningeraba State School, Marymount Primary School.
- How walkable is Varsity Lakes?
- Varsity Lakes has a Walk Score of 80 out of 100, very walkable. transit score 0, bike score 100.
- What suburbs are near Varsity Lakes?
- Varsity Lakes is close to Burleigh Waters, Tally Valley, Burleigh Heads, Burleigh Town.
- What is the population of Varsity Lakes?
- The population of Varsity Lakes is approximately 16,493 (2021 Census). The median age is 36.
Selling in Varsity Lakes? Get the free selling guide
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Sources. House and unit medians from the NSW Valuer General, Land Victoria, the SA Government and the ABS; rents from the state rental bond authorities. Census from the ABS (2021), climate from the Bureau of Meteorology, hazard from Geoscience Australia, schools from ACARA and crime from state police open data. Each figure carries its source and date. How we source data
How we’re paid. The guides and this page are free. When a seller asks, we introduce one local agent, and the agent pays us a flat fee for the introduction, never a share of their commission; it costs the seller nothing. If a figure looks wrong, tell us and we’ll fix it.