1302/3 Main Street, Varsity Lakes, QLD 4227 | Apartment for sale | OnTheHouse
 
FOR SALE
AUCTION

1302/3 Main Street
Varsity Lakes QLD 4227

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Land area: 107m2
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Auction Time
Thu 16 Jul 2:00 pm
Inspection Times
No upcoming inspections scheduled.
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High-Yield Dual Living: Two Incomes, One Title

Savvy investors, take note. This is a rare opportunity to secure two income streams on a single title, meaning you benefit from dual returns while paying only one body corporate levy. Positioned on an elevated third-floor setting with a sunny, east-facing outlook, this property offers ultimate flexibility. Keep one unit for yourself, a family member, or a student, and let the adjoining tenant offset your mortgage-or lease both for an accelerated payoff.
With demand for cash-flow-positive properties at an all-time high, this secure, lift-serviced complex delivers an outstanding combined rental expectation of $1,000 per week. Perfectly situated within walking distance to Bond University and complete with an on-site pool and proactive management, this is a smart, safe, and highly lucrative move.
The Opportunity
Two Units | One Title: Separate front doors ensure complete privacy
Outstanding Returns: $1,000 per week combined rental yield
Low Outgoings: Body Corporate is approximately $100 per week
Property Breakdown
-The One-Bedroom Apartment ($600/week)
• Layout: 1 bedroom, 1 bathroom, and 1 secure car park
• Living: Spacious, air-conditioned living room with 2 ceiling fans for year-round comfort
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Property Details for 1302/3 Main St, Varsity Lakes

1302/3 Main St, Varsity Lakes is a 2 bedroom, 2 bathroom Apartment with 1 parking spaces. The property has a land size of 107m2. The place is currently for sale with Ray White Robina.

Building Type
Apartment
Land Size
107m2
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About Varsity Lakes 4227

The size of Varsity Lakes is approximately 5.9 square kilometres. There are 23 parks, covering nearly 10.6% of the total area. The population of Varsity Lakes in 2016 was 15026 people. By 2021 the population was 16493 showing a population growth of 9.8% in the area during that time. The predominant age group in Varsity Lakes is 20-29 years. Households in Varsity Lakes are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Varsity Lakes work in a professional occupation.In 2021, 54.40% of the homes in Varsity Lakes were owner-occupied compared with 51.30% in 2016.

Varsity Lakes has 8,107 properties. Over the last 5 years, Houses in Varsity Lakes have seen a 77.66% increase in median value, while Units have seen a 101.59% increase. As at 31 May 2026:

  • The median value for Houses in Varsity Lakes is $1,406,103 while the median value for Units is $1,018,407.
  • Houses have a median rent of $950 while Units have a median rent of $810.
There are currently 67 properties listed for sale, and 27 properties listed for rent in Varsity lakes on OnTheHouse. According to Cotality's data, 417 properties were sold in the past 12 months in Varsity lakes.

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Jon Paul
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Ray White Robina
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