Date Prepared: 22nd November 2024
Sources: Attached PDF (Pricefinder), ABS, Landchecker, Your Investment Property Magazine, Walkscore, TMR Queensland, Domain, and Google (for parks).

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.