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.
*This article is general information only and does not constitute financial advice. Your personal circumstances will need to be assessed before any product or proposal is recommended. Mark Hind is an Authorised Credit Representative (ACR 519951) of Outsource Finance Pty Ltd, Australian Credit Licence 384324.
You've seen the ads a big, bold interest rate that looks incredibly competitive. But there's another number sitting quietly beside it that tells a very different story.
The RBA has lifted the cash rate to 4.35%, and most lenders are expected to pass it on. If you've got a mortgage in the Moreton Bay region, your repayments are likely going up.
When the Reserve Bank of Australia raises the cash rate, it can directly affect home loan interest rates and mortgage repayments.
Whether you're just starting to explore your options or ready to move Mark and the team are here to help. Get in touch for a no-obligation chat and find out what's possible for your situation.
