Date Prepared: 22nd November 2024
Sources: Attached PDF (Pricefinder), ABS, Landchecker, Your Investment Property Magazine, Walkscore, TMR Queensland, Domain, and Google (for parks).
Overview
North Lakes, located in the Moreton Bay region, is a vibrant master-planned community known for its family-friendly atmosphere, modern amenities, and excellent infrastructure. It is one of Queensland’s most desirable suburbs, offering a mix of residential, commercial, and recreational facilities.
Demographics
- Population: Approximately 22,000 (2021 Census, ABS).
- Median Age: 37 years, reflecting a balanced mix of families, young professionals, and retirees.
- Dwelling Type: Predominantly standalone houses, with townhouses and units increasing in availability.
- Ownership: High ownership rates, indicative of a stable and long-term community.
Property Market (2024)
Houses
- Median Sale Price: $860,000 (+13.9% annual growth).
- Median Weekly Rent: $650.
- Rental Yield: 4.0%.
- Sales Volume: 298 recorded house sales in the past 12 months.
Units
- Median Sale Price: $577,000 (+20.6% annual growth).
- Median Weekly Rent: $565.
- Rental Yield: 5.1%.
Long-Term Trends (2006–2024)
North Lakes has shown substantial growth, with the median house price increasing from $370,000 in 2006 to $860,000 in 2024. This represents an average annual growth rate of approximately 7.4%.
Recent Notable Sales
- 8 Hirsch Court: Sold for $1,300,000 (Nov 2024).
- 39 Lytham Circuit: Sold for $920,000 (Nov 2024).
- 23 Standish Street: Sold for $1,115,000 (Nov 2024).
Source: Pricefinder, Your Investment Property Magazine.
Education
North Lakes provides access to a wide range of quality educational institutions:
- Primary Schools:
- North Lakes State College (Prep-Year 6).
- Bounty Boulevard State School.
- Secondary Schools:
- North Lakes State College (Year 7-12).
- Private Schools:
- The Lakes College.
Source: Queensland Department of Education, Landchecker.
Amenities and Lifestyle
Shopping
- Westfield North Lakes: A major retail and entertainment hub with over 200 stores, restaurants, and a cinema.
- Local Shopping Centres: Smaller retail hubs provide additional convenience for residents.
Parks and Recreation
- Lake Eden: Offers scenic walking trails, picnic areas, and a serene environment for families.
- Aurora Boulevard Park: Features playgrounds, sports facilities, and BBQ areas.
- North Lakes Golf Club: A premium recreational facility for golf enthusiasts.
Source: Google, Walkscore.
Transport and Accessibility
- Road Network:
- Connected via Bruce Highway, providing direct access to Brisbane CBD and Sunshine Coast.
- Public Transport:
- Mango Hill and Murrumba Downs train stations provide convenient travel options.
- Walkability:
- High; many amenities and parks are within walking or short driving distance.
Source: TMR Queensland, Walkscore.
Recent and Planned Developments
- Commercial Growth: Expansion of business hubs and retail spaces in Westfield North Lakes precinct.
- Residential Expansion: Development of modern housing estates and units to meet population growth.
- Community Investments: Ongoing upgrades to schools, parks, and public infrastructure.
Source: Pricefinder, Your Investment Property Magazine.
Community and Employment
- Employment Sectors:
- Dominated by healthcare, retail, education, and professional services.
- Community Activities:
- Local markets, cultural festivals, and sports events foster a vibrant community.
Source: ABS, Your Investment Property Magazine.
Key Statistics at a Glance
| Metric | Value |
|---|---|
| Population | ~22,000 (2021 Census). |
| Median House Price (2024) | $860,000. |
| Median Rent (Houses) | $650/week. |
| Rental Yield (Houses) | 4.0%. |
| Median Unit Price (2024) | $577,000. |
| Median Rent (Units) | $565/week. |
| Rental Yield (Units) | 5.1%. |
| Notable Parks | Lake Eden, Aurora Boulevard Park, North Lakes Golf Club. |
| Transport Access | Bruce Highway, Mango Hill Station, bus services. |
Conclusion
North Lakes offers a unique blend of modern living, excellent amenities, and robust property market growth. Its family-friendly environment, strong community focus, and proximity to Brisbane ensure its appeal for both residents and investors.