At number 2422th in the list of Australian suburbs ordered by increase in median house value over the last year, North Lakes, 4509 is in the BOTTOM 50% with a property value increase of 3.33% recorded in median house prices.
Across a shorter period, North Lakes, 4509 has seen a median price increase of 0.54% over the last quarter.
Property investors looking for a bargain in North Lakes should be aiming for at least -3.91% off the asking price, which is the average vendor discount being achieved at the moment.
North Lakes, 4509’s gross rental yield is 4.81%
North Lakes is an average performer in QLD when comparing median price capital growth over the last year. North Lakes gave property investors a average capital gain figure when compared to the rest of the state, with 1.36%.
North Lakes,4509 was ranked 955 in Australia by increase in median property value over the quarter.
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.70% offered to property buyers. Sellers in North Lakes itself are offering an average vendor discount of -3.99% to real estate investors.
Using the current median advertised rental of $360 and the average annual increase in value of a median property of 3.21%, investors should hope to achieve an overall return of 5.03%