Suburb report · QLD 4227
Varsity Lakes
Prepared by the property strategists at Chase Wealth Australia
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Population
17,738
Varsity Lakes suburb profile
Who lives in Varsity Lakes
At 78km from central Brisbane, Varsity Lakes sits well beyond the inner and middle suburbs. Varsity Lakes is home to 17,738 people, a scale matched by fewer than 4% of Queensland suburbs. By population it is number 17 of 528 Queensland suburbs and towns more than 40km from the Brisbane CBD. The median age of 36 is a little younger than the 39 of the median Queensland suburb. Against the 528 Queensland suburbs and towns more than 40km from the Brisbane CBD, it is older than 85 and younger than 412.
Income and home ownership
Households earn a median $96,200 a year, higher than 47% of Queensland suburbs. Among the 528 Queensland suburbs and towns more than 40km from the Brisbane CBD, 212 report a higher median household income. Ownership runs at 55.7%, with 44.3% renting, at the 21st percentile of Queensland suburbs. On ownership it ranks 439 of 528 Queensland suburbs and towns more than 40km from the Brisbane CBD.
Household mix
At the 2021 Census, 6,215 households lived in Varsity Lakes, more than in 97% of Queensland suburbs. The household mix leans to families: families with children 45.7%, couples without children 24%, people living alone 24% and group households 6.4%. Among Queensland suburbs and towns more than 40km from the Brisbane CBD, 344 of 526 have a smaller share of families with children than Varsity Lakes. The share of group households, 6.4%, is higher than in 89% of Queensland suburbs. Couples without children make up 24%, below most Queensland suburbs.
Housing supply
2 new dwellings were approved across the Varsity Lakes statistical area in the year to June 2025, 97% below its 2020 to 2024 average of 58 a year. The Varsity Lakes statistical area had 18,207 residents in 2025 and closely matches Varsity Lakes. That is 0.1 approvals per 1,000 residents of that area, a lighter pipeline than 99% of Queensland statistical areas. Between 2020 and 2025 the area's approvals peaked at 261 in 2021 and bottomed at 2 in 2025.
Population trend
From 2020 to 2025, the Varsity Lakes statistical area expanded its population by 7%, against 9.7% for Queensland as a whole. The median Queensland statistical area grew 6.3% over the same 5 years, 0.7 points slower than this one. It ranks at the 56th percentile of Queensland statistical areas for population growth over the period. Growth was strongest in the year to 2023 (3.1%) and weakest in the year to 2021 (-0.5%).
Against its neighbours
The sharpest contrast among the nearby suburbs is Burleigh Waters, where the owner-occupied share is 79.3% compared with 55.7% here. On the median household income, Burleigh Heads comes closest to Varsity Lakes: $97,200 against $96,200. Robina sits 4km away, with a median household income of $102,300 against $96,200 here.
Location
Demographics
ABS Data by Region to 2025, on ABS Census 2021 suburb baselineHousehold Mix Census 2021
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Reading this report
Every figure in the Varsity Lakes data table is dated at its source. Supply and population change cover the Varsity Lakes statistical area, whose boundary differs from Varsity Lakes's, and our guide to reading a suburb report explains how our buyers agents weigh them.
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This report is market intelligence prepared by Chase Wealth Australia for general information only. Figures are statistical estimates for the suburb, not valuations of any individual property, and do not constitute financial or credit advice. Consider your circumstances and seek professional advice before acting. Demographic figures are sourced from the Australian Bureau of Statistics, Census 2021 (licensed CC BY 4.0) where available.