Varsity Lakes at a glance
18,051
People
$1,389,182
Median sale
$859/wk
Median rent
3.22%
Suburb gross yield
Median sale from 72 recorded sales (last 12 months) — a Districts calculation.
QLD › Varsity Lakes › Southlake Dr
$1,420,000
For sale
Asking
4
Bedrooms
2
Bathrooms
2
Car spaces
591 m²
Land
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Asking
$1,420,000
Asking · $2,403/m² of land
No recorded sale for this property.
Varsity Lakes at a glance
18,051
People
$1,389,182
Median sale
$859/wk
Median rent
3.22%
Suburb gross yield
Median sale from 72 recorded sales (last 12 months) — a Districts calculation.
Vs Varsity Lakes
+2.2%
Median sale
Suburb $1,389,182
-0.07 pp
Gross yield
Suburb 3.22%
Suburb median $1,389,182 from 72 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
$71,896 on top of the price (5.1% extra)
Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.
Stamp duty and transfer fees: Queensland schedules from 2026-07-01. Ongoing council rates and land tax are not included.
Pre-filled with Varsity Lakes's advertised median rent — not a rent for this listing.
Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.
Planning
Planning data is being calculated
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
For more information on this property, visit Queensland Globe.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
QLDPlanning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Nearby development applications are not loaded. This lot’s own applications are a separate question.
Rental
No advertised rent is recorded. Suburb median rent $859/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. Nearby development applications are not loaded. This lot’s own applications are a separate question. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Gross yield if leased at the suburb aggregate is 3.1%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
1 of 10 questions answered so far
Development optionality of this lot
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownNearby development applications are not loaded. This lot’s own applications are a separate question.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
Varsity Lakes at a glance
18,051
People
$1,389,182
Median sale
$859/wk
Median rent
3.22%
Suburb gross yield
Median sale from 72 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Welcome Change RealtyThis home really needs to be seen in person to fully appreciate what it offers. From the street, you'd never imagine what lies beyond. Behind the electric gate and secure front fence sits a home that has been a sanctuary for its owner over the past twelve years. Hidden from view, beautifully private and opening onto a peaceful stretch of waterfront, it is the kind of place where the outside world simply melts away.
Originally purchased as her forever home, life has taken the owner in a different direction. As retirement draws her back to family interstate, she leaves behind a home she has genuinely loved, a haven where she could retreat from the demands of the world and live in peace and privacy.
The current owner thoughtfully opened the entry to create a wonderful sense of space and connection. As soon as you walk through the front door, your eyes are drawn through the light-filled living room, past the huge outdoor entertainment area and straight out to the sparkling water beyond. Natural light pours in from the desirable east-north-east aspect, creating a home that feels bright, welcoming and wonderfully connected to its surroundings.
Beautiful timber-look flooring flows through much of the home, opening into a kitchen that takes in the water view through the window over the sink. It's currently a compact, functional galley kitchen with a new dishwasher and pendant lighting, ready to use as is, and it's the kind of space a buyer who loves a project could open right up to create their dream entertainer's kitchen to match the setting.
Positioned privately at the rear of the home, the main bedroom also enjoys peaceful views across the water, the perfect place to wake each morning or unwind at the end of a busy day.
The outdoor living is where this home truly comes into its own. The enormous covered entertaining area is more than just a patio. At approximately 55sqm, it becomes another living space altogether. Whether you're sharing Sunday lunches with family, entertaining friends or simply enjoying a quiet drink while black swans glide across the water, this is a place you'll find yourself using every single day.
Beyond the patio, a lawn stretches to the water's edge, creating space for children and pets to play while still leaving plenty of room to simply sit back and enjoy the ever-changing outlook. Unlike many waterfront properties where neighbours feel only metres away, this beautiful stretch of Reedy Creek offers an incredible sense of openness, privacy and tranquillity.
There is even a delicious Black Sapote fruit tree, a raised vegetable garden and a substantial garden shed, adding practicality to this peaceful lifestyle.
Although beautifully maintained and completely move-in ready, this is also a home with exciting potential, particularly in the kitchen and main bathroom. Both are fully functional today, and both are ready for a future update to make this waterfront haven completely your own.
Secure behind the front gate, with ample off-street parking for multiple vehicles, boats or a caravan, it also offers the flexibility of an approved fourth bedroom that was originally the garage. Whether you need a home office, guest accommodation, hobby room or teenage retreat, it is a wonderfully versatile space.
Perhaps what you'll love most, however, is the feeling this home gives you. Peaceful, private and welcoming, it's almost like discovering your own little coastal hideaway, tucked away in one of Varsity Lakes' best-kept secrets.
Key Features You'll Love:
- 591sqm east-north-east facing usable waterfront block with room for a pool
- Approximately 196sqm under roof including a huge 55sqm covered entertaining area
- Four bedrooms, including approved converted fourth bedroom ideal for a home office or guest accommodation
- Kitchen with pendant lighting, new dishwasher and generous fridge cavity
- Renovated bathrooms with tasteful modern finishes
- Beautiful timber-look flooring through much of the home
- Quality window furnishings
- Invisiguard security screens
- Spacious open-plan living filled with natural light
- Main bedroom privately positioned at the rear with tranquil water views
- Large covered entertaining area overlooking wide water
- Electric front gate and full Colourbond fencing providing exceptional privacy and security
- Extensive off-street parking with room for a caravan, boat or multiple vehicles
- Large garden shed providing excellent storage
- Raised vegetable garden and established Black Sapote fruit tree
- Three generous linen/storage cupboards throughout the home
- Move-in ready with scope to further enhance over time
- New hot water system
Location Highlights:
- Only 1.3km to Christine Corner Shopping Centre (Chemist Warehouse, dining, liquor, medical and convenience stores)
- Approximately 10 minutes to Robina Town Centre
- Less than 10 minutes to beautiful Burleigh Beach (or an easy 15-minute level bike ride)
- Close to schools, Bond University, dog park, playground, sporting fields and walking paths
- Convenient access to public transport – just a 240m stroll to the bus stop or a six-minute drive to Varsity Lakes Train Station with express services to Brisbane and Brisbane Airport
Perfect For:
- Retirees wanting a secure, single-level home they can lock up and leave
- Executives seeking peace, privacy and a beautiful outlook after a busy day at work
- Families wanting to give their children the quintessential Gold Coast lifestyle, with fishing, kayaking and exploring the waterways from your own backyard
- People working from home who will appreciate the flexibility of a separate office
- Caravan or boat owners needing secure off-street parking
- Investors seeking a low-maintenance property with strong tenant appeal in a sought-after waterfront location
- Anyone searching for peaceful waterfront living without the maintenance of a large property
The Numbers:
- Land Size: 591sqm
- Home built in 1993
- Total Floor Area: Approximately 196sqm
- Internal Living: Approximately 141sqm
- Covered Patio: Approximately 55sqm
- Council Rates: Approximately $1,544 per 6 months
- Water Rates: Approximately $409 per 3 months
- Rental Appraisal: $1,300 - $1,400 per week
Disclaimer: While care has been taken in the preparation of this information, the particulars are set out as a general guide only. All plans and models are illustrative only. All interested parties should make their own enquiries. This information does not constitute an offer or contract. A copy of the Form 2 Seller Disclosure is available upon request. All attendees at open homes and inspections are required to register via the Welcome Change Realty QR code.
Disclaimer:
We have obtained this property information from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective buyers are advised to carry out their own investigations.
Listing description written by Stewart McLeish, Welcome Change Realty — reproduced as published, not verified by Districts.
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