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 › Palma Cres
$1,400,000
Last sold
14 Nov 2025
4
Bedrooms
2
Bathrooms
2
Car spaces
395 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
Last sold
$1,400,000
14 Nov 2025 · derived via latest_sale
Local land rate: recorded House sales in Varsity Lakes (last 5 years) with land size have a median of $2,947/m² of land (n=53). Districts calculation from recorded sales — not a valuation.
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
+0.8%
Median sale
Suburb $1,389,182
-0.03 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.
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.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. 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 Ray White TMGI love a home that just makes life easy and 43 Palma Crescent really nails that balance between space, style, and low maintenance living.
It's a 4 bedroom, 2 bathroom home with a double garage and the layout just works. The master is cleverly separated from the other bedrooms with no shared walls, perfect for a bit of extra peace and quiet. Flowing through the home, you've got high ceilings that give it this airy, open feel and a big kitchen/dining/living space that brings everyone together without feeling cramped. It's one of those homes that feels bigger than it looks from the street.
Out the back, you step onto a decked outdoor area that's ideal for weekend BBQ's, entertaining friends or just unwinding with a drink after a long day. The yard is private and low maintenance with a good patch of synthetic grass that's perfect for kids or pets to play. And the pool is sensational for a quick dip on a hot day, entertaining the kids on school holidays, or just giving the home that relaxed, staycay at home vibe. Everything is super low maintenance which gives you plenty of time on the weekends to just enjoy.
It's easy to see why people love living in Varsity Lakes, it's family friendly, close to schools, shops, parks and a short drive to the beach. Whether you're looking for your forever home or a smart investment, this one ticks all the boxes.
• Solid Rendered Brick Single Storey home
• 4 Bedrooms/2 Bathrooms/Double Garage in a quiet cul-de-sac
• Open-plan living
• High ceilings
• Updated kitchen
• Ducted air conditioning throughout
• Whole house freshly repainted
• New carpets and flooring
• Private master suite
• New heated pool
• Low-maintenance synthetic turf backyard
• Solar panels - 6kw system
• Close to schools, local shops & cafe's, Bond University & Robina Town Centre
POTENTIAL INCOME:
Rental potential: $1050 per week - $1,100 per week (approx.) Currently owner occupied.
Airbnb/Stayz: $275-$800 per night (entire home - depending on season)
SCHOOL CATCHMENT:
Varsity Primary and Senior Colleges
Somerset College
Kings Christian College
Hillcrest College
Bond University
DISTANCES:
Bus Stop - 200m
Local Shopping Centre - 550m
Major Shopping Centre - 4.5km
Primary School - 2.5km
High School - 3.5km
Highway - 4.2km
Train Station - 4km
Beach - 12km
Hospital - 15km
Disclaimer: In preparing this information we have used our best endeavours to ensure the information contained herein is true and accurate, but we accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies, or misstatements that may occur. Any photographs show only certain parts of the property as it appeared at the time they were taken. Areas, amounts, measurements, distances and all other numerical information is approximate only. Potential buyers should make their own inspections and enquiries and seek their own independent legal advice before signing a contract of sale, to satisfy themselves that all details relating to the property are correct.
Listing description written by Greg Corcoran, Ray White TMG — reproduced as published, not verified by Districts.