Suburb Profile
North Lakes - FREE SUBURB PROFILE REPORT POSTAL CODE: QLD,4509
Property investors have seen a -1.8% 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 2.56% 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 36.08 real estate transactions take place per month in NORTH LAKES which translates to 433 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $490,000 | $381,000 |
| GROWTH REPORT | ||
| Median Quarterly | -1.8% | -9.39% |
| Median 12 month | 2.4% | -9.72% |
| Median 3 years | 7.69% | 6.42% |
| Median 5 years | 13.95% | 12.59% |
| 10 years average annual | 1.34% | 1.01% |
| Weekly media advert. rent | $430 | $360 |
| Time on Market | 57.1 days | 149.2 days |
| Gross Rental Yield Percent | 4.56% | 4.91% |
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