With a capital gain of 7.14% for the last 12 months, North Lakes, 4509 has performed for property investments than its average annual 1.82% property growth over the last 5 years.
Over the longer term, North Lakes has seen property prices show investors a 7.14% return over the last 3 years. This is the same as over the last 12 months
Property investors looking for a bargain in North Lakes should be aiming for at least -3.67% off the asking price, which is the average vendor discount being achieved at the moment.
A $450 per week rent on the median house gives suburb investors a gross yield of circa 4.46%, without taking into account capital value appreciation, which has been averaging out at 1.82%.
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 4.89%
Across a shorter period, North Lakes, 4509 has seen a median price increase of 2.82% over the last quarter.
Vendor discounting in North Lakes is giving property investors an average Vendor Discount of around -3.58%. This puts suburb at number 187th in QLD when ranking the most discounted suburbs.
Residents and property investors in North Lakes have been waiting around 64.7826 days to sell a property.