The Growth of North Lakes Real Estate Market0
It’s no wonder our suburb is the premier destination for savvy investors, including southern and international buyers alike. Capital growth on average over the last 10 years has been 4.8% and the rental yield is up by 5%.
The median house price for North Lakes is $509,000 with the average unit price around $375,000. The current number of residential properties in North Lakes is 19,465 (as published by the Australian Bureau of Statistics). With so much infrastructure being put in place, Brisbane’s second satellite city is growing from strength to strength. The proximity to Brisbane City and the Sunshine Coast makes North Lakes a very attractive option. With the addition of the Railway Line, transport to the city has become a welcome relief to commuters.
As there has been a steady influx of houses coming into the local market, there is reassurance that growth at the level we are seeing will continue to have a positive impact in the region. There is a huge demand for property within North Lakes, the suburb will likely see more price growth, with predictions tipping a capital growth of at least 4.9% based on what’s happening in the suburb.
Having lived and worked in the Moreton Bay Region my whole life like so many other residents, North Lakes is somewhere my family and I will be living for many years into the future. If you are needing an experienced Real Estate Agent, with a focus on delivering real results, a no nonsense approach, and above all saving you money, please call Troy Merker on 0406 532 821.