North Lakes

POSTAL CODE: QLD, 4509

HOUSE

UNIT

Property investors have seen a 3.26% 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 $950,000

Profits averaged 10.33% 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 $670 based on current median home prices for the suburb.

The gross rental yield in NORTH LAKES, 4509 is 3.67%.

An average of 28.58 real estate transactions take place per month in NORTH LAKES which translates to 343 per annum.

Property investments in NORTH LAKES fare well against the rest of the country last year, registering a median home price increase of 25.44%.

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.

Based on its average 5-year and quarterly capital gains NORTH LAKES, 4509 saw average growth in the long term.

This means, real estate investors could earn a rental income of $620 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 21.6 days.

the QLD suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $715,000

Investors saw the median home price rise to $715,000.

NORTH LAKES ranks 175th on the list of best yielding suburbs for rental properties in QLD, posting a 4.51% return.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$950,000	$715,000
Growth Report
Median Quarterly	3.26%	8.33%
Median 12 month	9.13%	25.44%
Median 3 years	31.03%	67.84%
Median 5 years	93.09%	105.76%
10 years average annual	7.83%	6.93%
Weekly media advert. rent	$670	$620
Time on Market	27.9 days	21.6 days
Gross Rental Yield Percent	3.67%	4.51%

Demographics (Median Values)*

Total Population n.a.

Weekly Household Income n.a.

Household Size n.a.

Average Age n.a.

Monthly Loan Repayment n.a.

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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