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 › Varsity Pde
$1,195,000
For sale
Asking
2
Bedrooms
2
Bathrooms
2
Car spaces
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
$1,195,000
Asking
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
-14.0%
Median sale
Suburb $1,389,182
+0.52 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.
$57,935 on top of the price (4.8% 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 3.7%. 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 COASTAL °Welcome to this beautifully renovated two-bedroom, two-bathroom first-floor apartment, perfectly positioned within the exclusive waterfront community of The Reserve. From the moment you step inside, you'll appreciate the natural light and peaceful surroundings, with stunning views across Lake Orr visible from nearly every room. With a private outlook and a beautifully renovated interior, this home offers an exceptional combination of comfort, tranquility and lifestyle.
Thoughtfully renovated throughout, the air-conditioned apartment presents as completely move-in ready. The renovation includes a brand-new ensuite and laundry, a beautifully refurbished main bathroom, new timber-look flooring to the living areas, new carpet to the bedrooms, fresh paint throughout, new block-out curtains and sheers, and new ceiling fans. Every element has been carefully considered to create a stylish and comfortable home.
At the heart of the apartment, the brand-new kitchen combines functionality with contemporary style. A stunning stone waterfall benchtop and breakfast bar are complemented by elegant brushed brass tapware, feature tile splashback and a high-quality induction cooktop. The open-plan living and dining area provides plenty of space for relaxed everyday living, with the new timber-look flooring adding warmth and a sophisticated finish.
The spacious, fully covered main balcony flows seamlessly from the living area and is a standout feature of the home. With no other units directly overlooking it, the balcony provides a wonderful sense of privacy and an uninterrupted waterfront outlook. There is ample room for a barbecue and outdoor dining setting, making it perfect for year-round entertaining or simply relaxing and enjoying the view. The master bedroom also features its own private covered balcony, offering a peaceful retreat for morning coffee or unwinding at the end of the day.
The master suite benefits from a generous walk in robe and brand-new ensuite, while the second bedroom is complete with built-in mirror-door robes.The main bathroom has also been tastefully refurbished, featuring brushed nickel tapware, a stone benchtop and stylish floor-to-ceiling tiles.
Residents of The Reserve enjoy a peaceful and friendly community surrounded by tropical gardens and beautiful waterfront scenery. The fully secure complex offers an impressive array of resort-style facilities, including a huge wrap-around pool with sun chairs, a private exclusive sandy beach, residents' lounge with kitchen, two gyms, two spas, cinema, library and a viewing deck. Private waterfront beach and boardwalk access connects through a pedestrian gate to the public walkway around Lake Orr, providing a beautiful setting for morning walks, evening strolls and easy access towards Varsity Town Centre and the surrounding parklands.
Everyday convenience is also close at hand, with Blackboard Café, the post office, convenience stores and a range of dining options nearby. The new Varsity Coles and Bond University are just a few minutes away, while tandem basement parking and a separate secure storage cage add further practicality. Combining wide waterfront views, a quality renovation, exceptional resort-style facilities and an enviable location, this is a truly special opportunity to enjoy a relaxed waterfront lifestyle.
Key Features
• Two-bedroom, two-bathroom first-floor apartment
• Fully renovated throughout in 2025
• Wide, uninterrupted waterfront views of Lake Orr
• Private outlook with no units directly overlooking
• Two fully covered balconies including main balcony with room for a barbecue and dining setting and private master bedroom balcony
• Brand-new kitchen, ensuite and laundry
• Refurbished main bathroom with stone benchtop and floor-to-ceiling tiles
• Split system air conditioning
• Stone waterfall kitchen benchtop with breakfast bar, brushed brass kitchen tapware and quality induction cooktop
• Separate laundry
• New timber-look flooring throughout the living areas
• New carpet in both bedrooms
• New ceiling fans, blockout curtains and sheers
• Tandem basement parking and storage cage, with lift access
• Exclusive The Reserve complex with resort-style facilities
• Huge wrap-around pool complete with sun lounges
• Private sandy beach, exclusive to complex residents
• Two gyms, spas, residents kitchen, library and cinema
• Secure complex with intercom
• Pet friendly
• Visitor parking
• Private waterfront boardwalk linking to the public walkway, with convenient access to Lake Orr, Varsity Town Centre, parklands, cafés, dining, Varsity Coles and Bond University
Property Specifics:
• Council Rates: $1,177.71* per half year
• Water Rates: $486.82* per quarter
• Rental Appraisal: Estimated rental income of $850* per week
• Body Corporate: $192* per week
*Approx.
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.
Listing description written by Guy Powell, COASTAL ° — reproduced as published, not verified by Districts.