Suburb Profile Report for North Lakes QLD (4509)

North Lakes House: Median price $480,000, Annual capital growth 2.25%, Number of sales 458, Weekly median advertised rent $430

North Lakes Unit: Median price $407,500, Annual capital growth 3.90%, Number of sales 109, Weekly median advertised rent $365

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

North Lakes has had a pretty average year for property investment returns compared to the rest of QLD, giving investors a capital gain of 3.23% to date .

The five-year average increase in median property values for North Lakes,4509 has given property investors a potential capital gain of 11.37% across each of those five years.

LACK OF BUYER INTEREST may well be the reason that North Lakes is offering property investors an average of -7.10. This rate of discount on properties puts Suburb at number 764th in terms of most discounted suburbs in QLD

Residents and property investors in North Lakes have been waiting around 64.48 days to sell a property.

A $430 per week rent on the median house gives suburb investors a gross yield of circa 4.66%, without taking into account capital value appreciation, which has been averaging out at 2.25%.

North Lakes has had a pretty good year for property investment returns compared to the rest of QLD, giving investors a capital gain of 3.16% to date .

Taking the average capital gain, or increase in median house value, North Lakes,4509 has racked up an average of 3.16% over the period. This ranks it number 905th in the whole country for real estate investors looking at median house price increases.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in North Lakes, 4509. Typically our figures indicate that -4.28% is being offered, which puts this QLD suburb at 948th most discounted overall in Australia.

Renters in Suburb are facing rents around $4380 per annum or $365 every week.

Metrics i HOUSE UNIT
$480,000 $407,500
0.00% 1.67%
3.23% 3.16%
2.25% 3.90%
$430 $365
458 109
4.66% 4.66%
64.48 101.21

Source: CoreLogic

DSR Score for property investment : Balanced (H), Above average (U)
Find a mortgage broker in North Lakes QLD
Demographics
Total population 15045
Median household income ($/weekly) 1769
Median age of persons 31
Median housing loan repayment ($/monthly) 2300
Average household size 3
  • Census Count Percent(%)
    0-4 years 1626 10.8
    5-14 years 2768 18.4
    25-34 years 2252 15.0
    35-44 years 2967 19.7
    45-54 years 1583 10.5
    Others 3849 25.6
    Age Group
    Census Count Percent(%)
    Registered Married 5912 59.2
    Not Married 2840 28.4
    Defacto Relationship 1238 12.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 9474 65.0
    Papua New Guinea 1310 9.0
    South Africa 588 4.0
    United Kingdom 1623 11.1
    Other 518 3.6
    Others 1067 7.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 164 1.2
    Christianity 9798 69.8
    Hinduism 244 1.7
    Islam 94 0.7
    No Religion 3648 26.0
    Others 95 0.7
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 354 7.9
    $1,250-$1,499 429 9.6
    $1,500-$1,999 771 17.3
    $2,000-$2,499 653 14.6
    $2,500-$2,999 616 13.8
    Others 1639 36.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 5038 48.9
    Not in the labour force 2495 24.2
    Employed, worked part-time 1926 18.7
    Employed, away from work 440 4.3
    Unemployed, looking for work 400 3.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 1032 13.9
    Professionals 1577 21.3
    Technicians & trades workers 999 13.5
    Clerical & administrative workers 1246 16.8
    Sales 830 11.2
    Others 1723 23.3
    Occupation
    Census Count Percent(%)
    Pre-school 267 6.4
    Infants/Primary 1955 47.0
    Secondary 1122 27.0
    Technical or Further Educational Institution 269 6.5
    University or other Tertiary Institutions 443 10.7
    Others 102 2.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 13991 96.3
    Semi-detached, row or terrace house, townhouse 445 3.1
    Flat, unit or apartment 88 0.6
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 2288 47.5
    Rented 1714 35.6
    Fully owned 724 15.0
    Other tenure type 88 1.8
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals