[3] In 1999, the area between Stephens and Robina was purchased by Delfin Lend Lease and a real estate development known as Varsity Lakes began.

The top responses for religious groups in Varsity Lakes by size were; Roman Catholic - 23.4%, Anglican - 16%, Uniting Church - 4.3%, Non-denominational Christian - 3.9%, Presbyterian - 3.1% and Buddhism - 2.3%.

Market Square also offers banks, beauty salons, bottle shops, chemists, dental care, gyms, real estates, restaurants and taverns.

[citation needed] Christine Corner is another retail area located in Varsity Lakes which includes a second Subway, a second Night Owl, bakeries, beauty salons, betting agencies, bottle shops, medical centres, newsagents, petrol stations, restaurants, taverns and vets.

[citation needed] The majority of sporting facilities in Varsity Lakes are present in both the primary and secondary school campuses.

"[22] Central Park offers undercover gym facilities, a grass oval with Australian rules football posts and basketball courts.

In December 2017 an undercover outdoor gym was opened at Central Park which includes a basketball court fitted with lights allowing for nighttime use.

[23] The Varsity Lakes Community Centre regularly hosts sporting group activities; including aerobics, fitness, walking and table tennis.

[24] Kinetic Group operate a number of bus services though the suburb that connect Varsity Lakes to Robina, Broadbeach and Tweed Heads.