Perth sales strongest in 5 years
New data from the Real Estate Institute of Western Australia has revealed that June saw the biggest month of sales in Perth since 2015. ...
Property investors have seen a 0.21% gain in NORTH LAKES based on an increase 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 $486,000
Profits averaged 0.49% 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 4.6%.
An average of 35.42 real estate transactions take place per month in NORTH LAKES which translates to 425 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $486,000 | $368,000 |
| GROWTH REPORT | ||
| Median Quarterly | 0.21% | 1.1% |
| Median 12 month | 1.25% | 1.66% |
| Median 3 years | 1.46% | -5.64% |
| Median 5 years | 7.56% | 2.51% |
| 10 years average annual | 0.97% | 0.19% |
| Weekly media advert. rent | $430 | $365 |
| Time on Market | 63.4 days | 118.7 days |
| Gross Rental Yield Percent | 4.6% | 5.16% |
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