Question 1

Is North Lake a nice place to live?

Accepted Answer

North Lake is a lakeside suburb anchored by its namesake wetland and forming part of the chain of lakes in the Beeliar Regional Park. Life there leans quieter and semi-rural, with remnant bushland, walking trails and plentiful birdlife, while the Murdoch activity corridor, with its university and hospital precincts, remains within easy reach. Housing is mainly low-rise, with older single-storey homes alongside pockets of newer infill and townhouses.

Home to 1,299 people with a median age of 41, North Lake is a suburb of families and is predominantly owner-occupied (85.2% owned versus 14.8% rented). Day-to-day access is shaped by major roads and the nearby Murdoch train station, and local assets include North Lake Reserve, the Azelia Ley Homestead Museum and the Cockburn Wetlands Education Centre. The area falls under the City of Cockburn’s Lakes Revitalisation Strategy, which includes streetscape, park and transport improvements, so whether North Lake suits you will depend on how much you value green open space and a relaxed suburban pace.

Question 2

Is it expensive to live in North Lake?

Accepted Answer

Renting a house in North Lake would take a sizeable share of a typical local household's income at the last Census: $900 a week is about 37% of the median weekly household income recorded at the last Census ($2,434 a week). If you're renting rather than buying, that rent share is the figure that matters for your cost of living here.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is North Lake a good place to invest?

Accepted Answer

House values in North Lake rose 31.1% over the past 12 months, a strong increase in what houses are worth. For someone weighing North Lake as an investment, that 12-month rise is the capital-growth signal for houses this year.

There isn't enough recent data to show comparable 12-month movements for unit values or for rents, so the snapshot is limited. What that house value lift means for you will depend on whether capital growth is your priority and on your personal goals and circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	N/A	N/A
Change in value Past 12 months	31.1%	N/A
Sold Past 3 months	3	N/A
Median days on market Past 12 months	8	N/A
Average rent Past 12 months	$900	N/A
Change in rent Past 12 months	N/A	N/A

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