Lakes Creek

LAKES CREEK, 4701 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in QLD have risen as a whole, pulling LAKES CREEK, 4701 values up and netting property investors a capital gain of 9.47% for the past year.

Investors saw the median home price rise to $520,000.

Profits due to an upward trend in home prices in the suburb averaged 12.4% per annum over a 3-year period.

LAKES CREEK now ranks at the 804th 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 LAKES CREEK 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 N/A 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 LAKES CREEK, homes and units usually stay on listing for an average of 14 days.

In 2016, 11 properties were sold in LAKES CREEK during the past year, making it the 968th most active market in QLD based on total real estate transactions.