$490 ▲ +24.1%
Higher than 87% of statistical area 2 (sa2) areas.
- 2011: $395
- 2016: $430
- 2021: $490
Median weekly rent paid by households renting their home.
Varsity Lakes · Statistical Area 2 (SA2)
Housing & Dwellings in Varsity Lakes
Where and how people live — the homes, how they are held, and what they cost.
Weekly rents of $490 are well above the national figure, making Varsity Lakes a relatively expensive place to lease. This high rental demand is reflected in the fact that over 43% of households rent their homes, which is far above the Queensland and Australian averages.
$490
▲ +24.1%
- $100–$121: 37 areas
- $121–$143: 11 areas
- $143–$164: 27 areas
- $164–$186: 32 areas
- $186–$207: 63 areas
- $207–$229: 57 areas
- $229–$250: 59 areas
- $250–$271: 158 areas
- $271–$293: 106 areas
- $293–$314: 178 areas
- $314–$336: 149 areas
- $336–$357: 207 areas
- $357–$379: 179 areas
- $379–$400: 182 areas
- $400–$421: 312 areas
- $421–$443: 103 areas
- $443–$464: 158 areas
- $464–$486: 69 areas
- $486–$507: 85 areas
- $507–$529: 38 areas
- $529–$550: 32 areas
- $550–$571: 45 areas
- $571–$593: 19 areas
- $593–$614: 34 areas
- $614–$636: 8 areas
- $636–$657: 11 areas
- $657–$679: 5 areas
- $679–$700: 28 areas
All statistical area 2 (sa2) areas, 2021. The marker is Varsity Lakes — higher than 87% of areas.
| Varsity Lakes | $490 |
|---|---|
| 4227, QLD | $485 |
| Queensland | $365 |
| Australia | $375 |
Housing costs
Rents, mortgages and crowding.
Typical weekly rents are much higher than most areas and have risen $95 since 2011. Meanwhile, typical monthly home-loan payments are about the same as the national figure, having fallen $325 since 2011.
$1,842 ▼ -15.0%
Higher than 50% of statistical area 2 (sa2) areas.
- 2011: $2,167
- 2016: $1,850
- 2021: $1,842
Median monthly mortgage repayment for households with a mortgage.
Weekly rent distribution
View on map →In Varsity Lakes, $350–$549 is the majority at 55%; $550–$749 is next at 27%.
Monthly mortgage distribution
View on map →In Varsity Lakes, the largest group is $1,800–$2,999 at 42%, followed by $1,000–$1,799 (35%) and Under $1,000 (13%).
Owning & renting
How homes are owned or rented.
Rental households are far more common here than in the rest of the state. Conversely, the share of homes owned outright is well below the national average, though it has risen slightly by 2.1 points since 2011.
43.1% ▼ -6.5%
Higher than 84% of statistical area 2 (sa2) areas.
- 2011: 46.1%
- 2016: 45.9%
- 2021: 43.1%
Share of occupied private dwellings that are rented.
21.0% ▲ +11.0%
Lower than 81% of statistical area 2 (sa2) areas.
- 2011: 19.0%
- 2016: 19.1%
- 2021: 21.0%
Share of occupied private dwellings owned outright (no mortgage).
How homes are owned or rented
View on map →In Varsity Lakes, the largest group is Rented at 43%, followed by Owned with a mortgage (34%) and Owned outright (21%).
Types of homes
Houses, townhouses, apartments and bedrooms.
Separate houses are far less common here than across Australia, and the share of homes with three or more bedrooms has fallen since 2011. With fewer large houses, there are slightly more people per bedroom than the national figure.
0.90 ▼ -18.2%
Higher than 86% of statistical area 2 (sa2) areas.
- 2011: 1.10
- 2016: 0.90
- 2021: 0.90
Average number of usual residents per bedroom — a crowding measure.
43.1% ▼ -16.0%
Lower than 88% of statistical area 2 (sa2) areas.
- 2011: 51.3%
- 2016: 46.3%
- 2021: 43.1%
Share of occupied private dwellings that are separate houses.
70.7% ▼ -11.6%
Lower than 72% of statistical area 2 (sa2) areas.
- 2011: 80.1%
- 2016: 76.3%
- 2021: 70.7%
Share of occupied private dwellings with three or more bedrooms.
Types of homes
View on map →In Varsity Lakes, the largest group is Separate house at 43%, followed by Townhouse / semi-detached (33%) and Flat or apartment (24%).
Bedrooms per home
View on map →In Varsity Lakes, the largest group is 3 bedrooms at 46%, followed by 4 bedrooms (22%) and 2 bedrooms (21%).
Sources
- Census of Population and Housing — Australian Bureau of Statistics, 2021 (CC BY 4.0).
More for Varsity Lakes
Cite this page
Australian Bureau of Statistics. (2021). Housing & Dwellings in Varsity Lakes [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sa2/309081262/varsity-lakes/topic/housing-dwellings