Property investors have seen a 0% 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 $490,000
Profits averaged 2.96% 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 36.58 real estate transactions take place per month in NORTH LAKES which translates to 439 per annum.
Property investments in NORTH LAKES did not fare well against the rest of the country last year, registering a median home price decrease of -4.37%.
Figures from the previous quarter show that capital gains for real estate buyers in NORTH LAKES are low, as opposed to average gains per annum over the past five years.
This means, real estate investors could earn a rental income of $360 based on current median home prices for the suburb.
It is expected for properties to spend some time on the market prior to a successful sale. In NORTH LAKES, homes and units usually stay on listing for an average of 147.8 days.
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 $399,000
Investors saw the median home price rise to $399,000.
NORTH LAKES ranks 273rd on the list of best yielding suburbs for rental properties in QLD, posting a 4.69% return.
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