Suburb Profile Report for North Lakes QLD (4509)

North Lakes House: Median price $525,000, Annual capital growth 1.82%, Number of sales 558, Weekly median advertised rent $450

North Lakes Unit: Median price $365,000, Annual capital growth 0.42%, Number of sales 65, Weekly median advertised rent $370

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

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

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.

Metrics i HOUSE UNIT
$525,000 $365,000
3.09% 2.82%
7.14% 4.89%
1.82% 0.42%
$450 $370
558 65
4.46% 5.27%
31.7307692307692 64.7826086956522

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (U), Good (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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