Noth Lakes family hub continues grow in 2019
More than 450 houses were sold in a year at this family hub this year located in Australia. Noth Lakes, one of Australia’s most important family centers, will continue to grow in 2019.
Real estate agent Troy Merker said it was no surprise, as North Lakes had many strengths.
“North Lakes is a family-focused suburb with all of the convenience of a city,” Mr Merker said.
“It has great schools and a major shopping precinct, along with beautiful walking trails and parklands.
“North Lakes boasts easy access to the Bruce Highway and its just 40 minutes’ (drive) to the Sunshine Coast or 25 minutes’ (drive) to Brisbane Airport.”
“The resident profile for many years has been predominantly young professionals and families,” he said.
“This year I have seen an increase in people relocating from Sydney or Melbourne for a more relaxed and affordable lifestyle, still within 30km of the Brisbane CBD.
“Despite continued strong demand, the median price for housing is currently just $489,000 and median rent is around $430 to $460 per week, which compares very favourably to Brisbane.
“Rental yields are currently stable at 4.85 per cent but I anticipate this will rise over the coming year.”
The median house prices in North Lakes increased by 1.2 percent in 2017. The house, which was sold at $ 481.00 in 2011, was sold in 2018 for $ 478,500.
Mr Merker said North Lakes continued to evolve with a good mix of residential, commercial and industrial development.
“In early 2019 we will see the start of Laguna North Lakes – a $250 million mixed use precinct featuring a hotel, more than 10,000sq m of commercial office space, health facilities, restaurants and bars, designer retail and a lagoon-style pool accessible to the public,” he said.
“Laguna will be located opposite the recently upgraded Westfield Shopping Centre, so at the heart of North Lakes we will soon have a true town centre unlike anything else in the Brisbane-Gold Coast corridor.”
Sevdenur Demir / realestatecoulisse.com
Mail: [email protected]