Formally known as Stephens.
Thomas Blacket Stephens (1819-1877) politician
and businessman acquired 6980 acres of hinterland
in 1873. The property would be known as the Merrimac
Estate. A new Gold Coast suburb gazetted in 1981
was named after Stephens. In 2002 Stephens was amalgamated
with Andrews and a section of Robina to form the
new suburb of Varsity Lakes, which was the developer's
name for the estate and quite controversial at the
time.
Varsity Lakes is close to Bond University, the
M1 motorway (exit either Robina Parkway or Reedy
Creek Rd), Robina Town Centre and the Robina train
station.
Because of the way this area has been developed
by Delfin (technology-wise), it is popular with
SOHOs.
Households in Varsity Lakes are primarily couples
with children and are likely to be repaying between
$800.00 - $1000.00 per month on mortgage repayments.
The current media price is $396,000.
Source: RPData March 2006
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