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QLD › Varsity Lakes › Capital Ct

2 Capital Ct, Varsity Lakes QLD 4227

For saleApartment for Sale

$900,000–$1,000,000

For sale

Asking range

2

Bedrooms

2

Bathrooms

1

Car spaces

12,930 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $900,000–$1,000,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $900,000–$1,000,000(Listing record · 18 Oct 2024)
  • CalculationLand 12,930 m² against a 87 m² dwelling — the land is most of what is being bought.(Districts calculation)
  • CalculationAsk is 35% below the Varsity Lakes median recorded sale ($1,389,182, n=72, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Varsity Lakes's advertised median rent ($859/wk), implied gross yield would be 4.96% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

  • InterpretationA large lot with a small dwelling means the value case rests on the land and what the zone allows on it, not the house.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

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

The ask against the evidence

Asking

$900,000–$1,000,000

Asking range · $70/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.

See the full Varsity Lakes report →

Vs Varsity Lakes

-35.2%

Median sale

Suburb $1,389,182

+1.74 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.

Total cost to purchase

Based on the low end of the asking range, not a contract price.

Purchase Price
$900,000
Stamp Duty (Queensland)
$33,525
Transfer/Registration Fee
$3,600
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$940,825

$40,825 on top of the price (4.5% extra)

  • Stamp Duty (Queensland)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

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.

Rental yield

Based on the low end of the asking range, not a contract price.

Pre-filled with Varsity Lakes's advertised median rent — not a rent for this listing.

Net yield
3.46%
Annual cashflow (pre-tax)
$-15,632
Interest cover (DSCR)
0.67
Annual rent
$44,668
Operating expenses
$13,500
Loan amount
$720,000
Annual interest
$46,800
Gross yield
4.96%

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.

Open the full yield calculator →

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

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

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, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

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

Property history

20232024$762k$900k
  • Sold (recorded)
  • Asking price (not a sale)
  1. Listed$900,000–$1,000,000available18 Oct 2024
  2. Listed$762,000available23 June 2023

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

QLD

Why this lot, not just this suburb

Why could this property outperform?

Planning 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.

What could kill that thesis?

Confidence: low

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

Income, competition, and yield

What will it realistically rent for?

Confidence: low

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.

What competition will it face?

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.

What does the yield actually look like?

Confidence: low

Gross yield if leased at the suburb aggregate is 5.0%. 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

What this means for this property

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.”

Read more

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

What is known for this property

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

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    Nearby development applications are not loaded. This lot’s own applications are a separate question.

  • Honest achievable rent

    Knownlow

    This 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

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Varsity Lakes in one glance

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.

See the full Varsity Lakes report →

Keep researching

  • Why Varsity Lakes? Read the area thesis →
  • What else is on the market in Varsity Lakes →
  • Other records on Capital Ct →

Listing material

Listed by Harcourts Property Hub

These views aren't just a luxury; they're an experience.

.Perfectly positioned on the 15th floor, this modern 2-bedroom, 2-bathroom apartment delivers sweeping 180-degree views across the Gold Coast skyline — the perfect blend of luxury, lifestyle and investment performance in one of Varsity Lakes' most vibrant new precincts.

Highlights

Spacious Design (99 m²): Open-plan living filled with natural light, featuring timber-look flooring and plush carpeted bedrooms.

Read the full description

Gourmet Kitchen: Stone benchtops, custom cabinetry and quality European appliances including dishwasher and microwave.

Comfort & Security: Ducted air-conditioning, ceiling fans, keyless entry via the Cienna Access app and an advanced intercom system.

Entertainer's Balcony: Expansive private balcony capturing panoramic coastal views — ideal for relaxing or entertaining.

Two Generous Bedrooms: Both with built-in robes; the master includes a sleek ensuite and balcony access.

Secure Parking: One allocated underground car space.

Resort-Style Amenities

Cienna Varsity Ridge offers residents access to outstanding facilities, including:

Sparkling pool, sauna and steam room

Fully equipped gymnasium

Games room with arcade setups and pool tables

Residents' lounge, co-working spaces and rooftop BBQ sundeck

Landscaped gardens, dog park and children's play areas

On-site café for your daily coffee or weekend brunch

Prime Varsity Lakes Location

Minutes to Bond University, Varsity College and leading private schools

Walk to Market Square dining, retail and local medical services

Short drive to Burleigh Heads, Gold Coast Hinterland and Robina Town Centre

Easy access to Varsity Lakes Train Station and local bus routes

Low body corporate fees — ideal for investors or owner-occupiers

Currently rented at $760 per week until May 2026

A Growing Community

Stage One delivered 257 apartments in 2023, and Stage Two (now 95 % sold) adds 289 new residences across two elegant towers, reinforcing Cienna's reputation for quality, affordability and community-focused design.

The Bottom Line

Apartment 41507 – Cienna Varsity Ridge represents the best of Gold Coast apartment living: panoramic views, modern finishes and a thriving lifestyle community.

Whether you're seeking a stylish new home or a smart investment, this one delivers on every level.

Contact Ken today at 0472 736 522 to arrange a personal walkthrough and experience the magic of these apartments for yourself. Don't let this golden opportunity slip through your fingers! #goldcoastproperty #investmentproperty #capitalgrowth #portfolio #rentalincome #lifestyle #varsitylakes #investment #goldcoast #smsf #realestate #apartment #lifestyle

Disclaimer:

We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.

* denotes approximate measurements.

Listing description written by Kenneth McLachlan, Harcourts Property Hub — reproduced as published, not verified by Districts.

Property features

  • Air Conditioning
  • Alarm System
  • Balcony
  • Broadband
  • Built-in Robes
  • Dishwasher
  • Gym
  • Living Areas: 1
  • Toilets: 2
Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.