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
$1,395,000
Last sold
27 Mar 2026
4
Bedrooms
2
Bathrooms
2
Car spaces
350 m²
Land
226 m²
Building
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
$1,395,000
27 Mar 2026 · 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
+0.4%
Median sale
Suburb $1,389,182
-0.02 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 PRD Burleigh HeadsPositioned in the highly sought-after Varsity Sound Estate, this spacious four-bedroom residence delivers exceptional proportions, multiple living zones, and standout family functionality. From the moment you enter, you're welcomed by an enormous front family/media room — a commanding second living space perfect for movie nights, a private retreat, or a dedicated zone for growing families to spread out and unwind.
At the heart of the home, the expansive kitchen is a true centrepiece. Generous in scale and thoughtfully designed, it features stone benchtops, quality appliances, abundant storage, and extensive bench space — perfectly suited to large families or those who love to entertain. It connects seamlessly to the open-plan living and dining areas, creating a natural hub for the home.
The master suite is privately positioned and complete with a walk-in robe and ensuite, while the remaining bedrooms are well-proportioned — including one guest bedroom with its own walk-in wardrobe, a rare and highly desirable bonus. Reverse-cycle air-conditioning and ceiling fans throughout ensure year-round comfort.
Outdoors, the covered entertaining area and fully fenced yard provide a secure and relaxed setting for children, pets, and weekend gatherings.
Features:
• Four generous bedrooms, including master with walk-in robe & ensuite
• Additional guest bedroom with its own walk-in wardrobe
• Massive front family/media room — impressive second living zone
• Expansive kitchen with stone benchtops, quality appliances & ample storage
• Open-plan living and dining with seamless indoor–outdoor flow
• Soaring high ceilings enhancing natural light and space
• Reverse-cycle air-conditioning + ceiling fans throughout
• Low-maintenance outdoor spaces for effortless living
• Covered outdoor entertaining area
• Fully fenced yard, ideal for children and pets
• Double car accommodation with internal access
• Located in the prestigious Varsity Sound Estate
Prime Location:
• Within the sought-after Varsity College (Prep – Year 12) catchment
• Easy access to scenic walking and cycling tracks around Lake Orr
• 3 minutes to Varsity Lakes Train Station
• 2 minutes to M1 Motorway
• 6 minutes to Robina Town Centre
• 5 minutes to Bond University
• 10 minutes to Burleigh Heads Beach
Perfectly positioned in a quiet, family-friendly enclave, this contemporary residence combines generous living spaces with modern finishes and an unbeatable Varsity Lakes location. A rare offering in the Varsity Sound Estate - ideal for families, upsizers, or buyers seeking comfort, lifestyle, and convenience in one of the area's most desirable streets.
Disclaimer: Whilst every effort has been made to ensure the accuracy of these particulars, no warranty is given by the vendor or the agent as to their accuracy. Interested parties should not rely on these particulars as representations of fact but must instead satisfy themselves by inspection or otherwise.
Listing description written by Luke Wright, PRD Burleigh Heads — reproduced as published, not verified by Districts.