Lake Macdonald

POSTAL CODE: QLD, 4563

HOUSE

LAKE MACDONALD, 4563 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 $1,280,000.

Profits due to an upward trend in home prices in the suburb averaged 4.01% per annum over a 3-year period.

LAKE MACDONALD now ranks at the th place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in LAKE MACDONALD are low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $747.5 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In LAKE MACDONALD, homes and units usually stay on listing for an average of 70.1 days.

In 2016, 29 properties were sold in LAKE MACDONALD during the past year, making it the 456th most active market in QLD based on total real estate transactions.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,280,000	N/A
Growth Report
Median Quarterly	0%	N/A
Median 12 month	-1.54%	N/A
Median 3 years	12.04%	N/A
Median 5 years	67.87%	N/A
10 years average annual	8.8%	N/A
Weekly media advert. rent	$748	N/A
Time on Market	70.1 days	N/A
Gross Rental Yield Percent	3.04%	N/A

Demographics (Median Values)*

Total Population 1508

Weekly Household Income 990.9

Household Size 2.70

Average Age 42

Monthly Loan Repayment 1300

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

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