Suburb Profile Report for North Lakes QLD (4509)

North Lakes House: Median price $472,500, Annual capital growth 2.57%, Number of sales 474, Weekly median advertised rent $430

North Lakes Unit: Median price $395,000, Annual capital growth 3.63%, Number of sales 117, Weekly median advertised rent $360

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

Source: CoreLogic

  • House Report
  • Unit Report

Property investors who have had real estate in North Lakes, 4509 should be ok with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 2.72%

The five-year average increase in median property values for North Lakes,4509 has given property investors a potential capital gain of 8.12% across each of those five years.

The most recent median price for North Lakes is $472500, with sellers offering an average of -4.02% off the asking price.

With the median price for a house in North Lakes being $472500 and the advertised rent reaching $430 the gross rental yield for property investors calculates out to be 4.73%

Giving property investors a an average capital gain of 1.28% for the last year, North Lakes, 4509 is the 962th highest performer in Australia in this respect.

Over the longer term, North Lakes has seen property prices show investors a 9.87% return over the last 3 years. This is worse than over the last 12 months

Property investors looking for a bargain in North Lakes should be aiming for at least -2.95% off the asking price, which is the average vendor discount being achieved at the moment.

With the median price for a house in North Lakes being $395000 and the advertised rent reaching $360 the gross rental yield for property investors calculates out to be 4.74%

HOUSE UNIT
$472,500 $395,000
0.53% 1.28%
2.72% 1.28%
2.57% 3.63%
$430 $360
474 117
4.73% 4.74%
67.16 88.77

Source: CoreLogic

DSR Score for property investment : Balanced (H), Above average (U)
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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
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Recent sales & rentals