North Lakes, boasting 85 properties for rent and 123 for sale last month, showcases a thriving real estate scene. The median property prices over the last year add depth to the story, with houses priced at $740,000 and units at $462,500. This diversity sets the stage for a dynamic and potentially lucrative investment environment.
For those considering investment properties in North Lakes, the numbers are compelling. Houses in the area rent out for an average of $590 per week, offering an annual rental yield of 4.4%. Units, equally enticing, present an average rental yield of 5.8% at $520 per week. These figures signify a robust return on investment, making North Lakes an appealing choice for property investors.
The growth history of a location is vital for informed investment decisions. Over the past five years, North Lakes has shown a compound growth rate of 1.1% for houses and a commendable 5.1% for units. This upward trajectory indicates not only stability but also the potential for substantial returns on investment.
Why North Lakes?
Family-Friendly Atmosphere: North Lakes is renowned for its family-friendly environment, making it an ideal location for those seeking a tranquil suburban lifestyle.
Infrastructure and Amenities: The suburb boasts excellent infrastructure and amenities, including schools, shopping centers, parks, and recreational facilities.
Solid Rental Yields: The healthy rental yields for both houses and units suggest a thriving rental market, offering a steady income stream for property investors.
Strategic Location: Situated in proximity to Brisbane, North Lakes provides easy access to the city and neighboring regions, enhancing its appeal for residents and tenants alike.
How Bribie Island Lending Can Help:
With North Lakes capturing your interest, the next step is securing the right mortgage to turn your property investment aspirations into reality. Give Mark a call today to get started on your next home loan.
We are based on the beautiful Queensland coast, between the Sunshine Coast & Brisbane and we offer a complimentary home loan broking service.
Make an appointment today for an obligation-free chat, to talk about what you need and how we can help.
Thinking about building your dream home? Lenders need specific documents like building contracts, plans, and detailed finishes before approving your construction loan. Bribie Island Lending helps clients in Caboolture, North Lakes, Toowoomba, Caloundra, and surrounding areas prepare for a smooth building process.
Building variations such as flooring choices, extra power points, and kitchen finishes can increase the cost of your home construction. Bribie Island Lending helps ensure your loan covers these potential changes, allowing you to plan for variations in advance. Whether you're building in Ipswich, Logan, Redcliffe, or Caloundra, make sure you understand your full costs before committing.
Before your lender releases the final payment for your home or renovation, three steps are required. Bribie Island Lending works with your lender to ensure everything runs smoothly. Learn more about how we support you through each step of your homeownership journey.
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