Expert analysis

In terms of the property market, North Lakes displays very strong fundamentals. Property prices have grown by 64% since 2011 (1.1x the national average of 57%). The suburb is in high demand with limited supply available, translating into a low vacancy rate of 0.4%. In addition, the number of available properties for sale has decreased by 47% over the last 12 months. The typical attractive Hybrid investments in North Lakes are 3/4-Bedroom houses with over 350sqm land, with median asking price of $620,000 to $680,000, delivering average rental return of 3.4% to 3.7%. (Speak to your Coach if you are considering townhouses and/or units, which are only attractive in certain locations.)

Why we chose this suburb as a top target:

• Strong capital growth (+8.4% per year on average since 2017)
• Strong rental growth (+24.3% over the past 12 months)
• High demand, outstripping supply (0.4% vacancy)
• High affluence score of 4 of 5: the median income in the suburb is higher than average
• High family score of 5 of 5: there are well performing schools in the area, childcare facilities and playgrounds
• High lifestyle score of 4 of 5: there are cafes, fitness centers/ gyms, restaurants etc. to choose from in the suburb
• High convenience score of 4 of 5 – there are higher than average public transport commuters in the suburb and supermarkets/ stores close by