Get a property report and suburb profile for any property in North Lakes

North Lakes is a planned suburban centre that mixes family-oriented residential neighbourhoods with lakeside parkland and green corridors. It centres on a large Westfield shopping and dining precinct and a shopping-centre bus interchange, while much of the suburb feels like low-rise suburbia with modern houses, townhouses and newer estate pockets. Walking trails, playgrounds and sporting fields around the lakes and public transport links such as the Redcliffe Peninsula rail line and frequent buses make day-to-day life convenient for people who value school catchments, retail access and outdoor time.

The suburb is home to 23,030 people, with a median age of 35 and a typical household income of $2,092 a week (about $108,800 a year). Families are prominent, with couple families with children the largest group at 52.4% of families, and homes are mostly owner-occupied (61.3% owner-occupied, 38.7% rented). There is ongoing transport and civic investment — including a preferred Bruce Highway upgrade option, Queensland’s first fully electric bus depot and the Boundary Road interchange with a six-lane overpass and shared pathways — and local council projects such as a scooter track, a dog off-leash area at Memorial Drive and quiet-area upgrades at North Lakes Library; the North Lakes Health Precinct provides community health services. Whether it suits you will come down to what you value in a suburb.

Buying a house in North Lakes sits well above local incomes at the last Census: the current median house price of $1,029,000 is about 9.5 times a typical local household's annual income as recorded at the most recent Census. That suggests buying a house is sizeable relative to what households in the area earned at the last Census.

Renting is less stretched by comparison. A house rent of $690 a week would take about a third of a typical local household's weekly income at the last Census (about 33.0%), a sizeable share, while a unit rent of $600 a week would be roughly 28.7% of that weekly income, a moderate share. If you are renting rather than buying, those rent shares are the most relevant figures to consider.

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

Unit values in North Lakes jumped 24.5% over the past year, a strong rise, while house values rose 16.0%, also a strong increase. Rents for both houses and units rose 6.2%, a solid increase. Put simply, capital growth outpaced rental growth in North Lakes over the last 12 months, and unit prices rose faster than house prices. If rental income is your main priority, the 6.2% rent rise is the figure that matters; if capital growth is your priority, the value changes are the relevant figures to consider.

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.