Suburb Profile Report for North Lakes QLD (4509)

North Lakes House: Median price $480,000, Annual capital growth 2.25%, Number of sales 445, Weekly median advertised rent $425

North Lakes Unit: Median price $395,000, Annual capital growth 2.71%, Number of sales 105, Weekly median advertised rent $360

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

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in North Lakes, 4509 have given investors a capital gain of 4.35%. This compares averagely with the 2.51% for QLD as a whole.

When looking at the potential capital gains offered to property investors over the last 3 years, North Lakes comes in at number 514th in QLD.

The most recent median price for North Lakes is $480000, with sellers offering an average of -4.13% off the asking price.

In the last year 445 properties changed hands in North Lakes, which puts it as the 3rd most active market in QLD when comparing the number of sales per suburb.

Advertised rents are around the $425 mark per week – giving a return of 4.60% based on the median price in Suburb

Investment property in North Lakes has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -0.25%

Over the longer term, North Lakes has seen property prices show investors a 9.72% return over the last 3 years. This is worse than over the last 12 months

Vendor discounting in North Lakes is giving property investors an average Vendor Discount of around -3.12%. This puts suburb at number 294th in QLD when ranking the most discounted suburbs.

Often selling an investment property can take time, and in North Lakes the average time real estate has been on the market is 96.35 days.

Advertised rents are around the $360 mark per week – giving a return of 4.74% based on the median price in Suburb

Metrics i HOUSE UNIT
$480,000 $395,000
1.59% 0.00%
4.35% -0.25%
2.25% 2.71%
$425 $360
445 105
4.60% 4.74%
65.88 96.35

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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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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