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%