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Officially named in 2003, Varsity Lakes is a new Gold Coast suburb. It also includes the older areas of Stephens and Robina as well as the rather luxurious Azzura Island, a subdivision full of lavish ‘Aussie dream’ residences. Almost 12,000 people now live in Varsity Lakes. The Gold Coast rail service was recently extended to service the area, the Varsity Lakes railway station opened for business at the end of 2009. Plans are still under way to develop a station village shopping and service complex.

Varsity Lakes is a 21st century planned community strategically placed next to Bond University. It is being developed with input from the tertiary sector, private enterprise and local government.  Conceived as a hub of business and technology and driven by rapid population growth in the Gold Coast area. Families moving to Varsity Lakes have plenty of economic opportunities. Many big name corporates have already set up in the area, including IBM, Minter Ellison, Industry Central and Gold Coast City Engineering.  Local government policies are designed to attract and support further investment.

Property overall, in the Varsity Lakes area is very affordable, with a median in the year to June 2010 of $469,000, although there are pockets of more high end development. Families moving to Varsity lakes have 20 schools within 6kms. Varsity College, established in 2001, is achieving some impressive NAPLAN results, has useful partnerships with local industry, and is very well resourced.