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Property investors have seen a -0.86% drop in NORTH LAKES based on a decrease in median home prices for the past three months.
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 $490,000
Profits averaged 0.69% 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 $430 based on current median home prices for the suburb.
The gross rental yield in NORTH LAKES, 4509 is 4.56%.
An average of 35 real estate transactions take place per month in NORTH LAKES which translates to 420 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $490,000 | $360,000 |
| GROWTH REPORT | ||
| Median Quarterly | -0.86% | 3.67% |
| Median 12 month | 1.03% | -1.1% |
| Median 3 years | 2.08% | -7.69% |
| Median 5 years | 8.44% | -1.91% |
| 10 years average annual | 0.87% | 0.6% |
| Weekly media advert. rent | $430 | $365 |
| Time on Market | 51.7 days | 105.5 days |
| Gross Rental Yield Percent | 4.56% | 5.27% |
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