Varsity Lakes has been pinpointed as one of the bright property spots on the Gold Coast.

National property researcher Terry Ryder of hotspotting.com.au says the future price growth prospects for Varsity Lakes have been significantly boosted by the completion of the rail link.

He said the suburb now had improved transport connections to Brisbane via rail, and south into NSW via the Tugun bypass.

“There are exceptions to every rule in real estate and Varsity Lakes illustrates this point,” said Mr Ryder.

“…Varsity Lakes does present above-average prospects for specific reasons.”

“It is an evolving, work-in-progress community that is part of the canal-lakes system and is well-situated for services and amenities, including education and shopping.

“But it is the new rail link that will have the biggest impact on future property price growth.”

A village is being built around the rail station, which will add to the community’s amenity.

Varsity Lakes is close to Robina Town Centre and five minutes from Burleigh’s beaches.

The suburb, which has median prices of $464,750 for houses and $388,000 for units, has an established commercial and dining precinct and neighbours the Bond University campus, which generates further demand for rental accommodation in the area.

In his latest quarterly report, Mr Ryder predicts Queensland is set for a strong year, both economically and in residential property.

“While some economists say the state will continue to struggle in 2010, I believe the collective impact of the infrastructure and resources development will generate jobs and activity faster than expected.”