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8 MIN READProperty Market Update: Melbourne, September 2021
Melbourne’s property market kept the ball rolling in September as the city’s dwelling values rose once more during t...
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North LakesNorth Lakes - SUBURB PROFILE REPORT
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Property investors have seen a 4.9% gain in NORTH LAKES based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on NORTH LAKES, 4509 can rest assured about this QLD suburb's performance. The suburb saw median home prices rise by 10.31%.
Based on its average 5-year and quarterly capital gains NORTH LAKES, 4509 saw average growth in the long term.
The QLD suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $535,000
Profits averaged 2.99% per annum over a 3-year period, due to an upward trend in home prices in NORTH LAKES, 4509.
This means, real estate investors could earn a rental income of $450 based on current median home prices for the suburb.
The gross rental yield in NORTH LAKES, 4509 is 4.37%.
An average of 47.83 real estate transactions take place per month in NORTH LAKES which translates to 574 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $535,000 | $365,000 |
| GROWTH REPORT | ||
| Median Quarterly | 4.9% | 1.96% |
| Median 12 month | 10.31% | 4.89% |
| Median 3 years | 8.96% | -0.82% |
| Median 5 years | 15.05% | -5.39% |
| 10 years average annual | 2.03% | 0.23% |
| Weekly media advert. rent | $450 | $370 |
| Time on Market | 28.8 days | 60.3 days |
| Gross Rental Yield Percent | 4.37% | 5.27% |
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