1302/3 Main St, Varsity Lakes is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2008. The property has a land size of 104m2 and floor size of 89m2. While the property is not currently for sale or for rent, it was last sold in August 2026. There are other 2 bedroom Unit sold in Varsity Lakes in the last 12 months.
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 OpportunityTwo Units | One Title: Separate front doors ensure complete privacyOutstanding Returns: $1,000 per week combined rental yieldLow Outgoings: Body Corporate is approximately $100 per weekProperty 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 Kitchen: Full-sized kitchen featuring a fridge, dishwasher, and ample storage space. Views: Private balcony with stunning easterly views toward Burleigh. Convenience: Dedicated laundry nook equipped with a washing machine and dryer-The Studio Apartment ($400/week) Layout: Compact and highly functional 1 bedroom, 1 bathroom Kitchen: Well-appointed kitchen setup, including a fridge Views: Private balcony capturing excellent Burleigh views Climate: Fully air-conditioned Convenience: New Washing Machine IncludedComplex Highlights Prime Location: Easy walking distance to Bond University Amenities: Lift access and a well-maintained on-site swimming pool Management: Excellent on-site management team ensuring your investment is well-protected.
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 8,126 properties. Over the last 5 years, Houses in Varsity Lakes have seen a 70.17% increase in median value, while Units have seen a 92.69% increase. As at 31 July 2026:
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