500 reasons to invest in varsity apartments

Varsity’s position is the key to its investment potential. Being within walking distance to the University of the Sunshine Coast is one of Varsity’s major advantages. The University of the Sunshine Coast on campus student population in 2007 exceeded 5250, an increase of 2.21% over the previous year. This student population is predicted to exceed 25,000 by the year 2020. There is already strong demand for student accommodation in the area, with some students registering their interest up to 12 months in advance. The anticipated increase in enrollments will undoubtedly drive this demand even higher.

Other factors contributing to Varsity’s potential include:

• A location just minutes from the golden sands of Mooloolaba Beach and 30 minutes from Noosa.
• Modern design and excellent facilities.
• On-site management who conduct regular premise inspections to protect your investment.
• As part of the booming Sunshine Coast, Varsity will benefit from its future growth. By 2021 the Sunshine Coast will have an estimated population of 430,000 with a projected annual growth rate of 3.5%. (Midwood Queensland Investment Report, May 2002).
• In Brisbane, current gross rentals for 4 bedroom apartments return around 4%. Varsity Apartments compares favourably with a good depreciation rate and a healthy yield of 7-8%.