North Lakes: Magnet for Buyers Looking for Houses in Greater Brisbane

Photo Credit: Google Maps / google.com/maps

North Lakes attracted the most house buyers during the 12 months leading to October 2018, according to the Greater Brisbane’s top Suburbs for Sales Volume report.

The top 10 suburbs in terms of sales volume for houses and unitsas reported by Domain Group, saw Brisbane City taking the top spot with sales volumes of 508 units and 27 houses over the past 12 months. North Lakes, however, was the top suburb for houses sold with a total of 450 houses changing hands, at the same time selling a total of 35 units.

As of May 2018, homesales.com.au reports the median price for houses in North Lakes at $494,135 whilst the median unit price is $359,314. House prices grew by 9.65 percent in the past three years and 1.93 percent last year. Unit prices growth is just as impressive with a 9.82 percent increase in the past three years. North Lakes’ total population is at 15,045, and the average income is at $936.

Other suburbs with outstanding house sales volume include Caboolture with 400, Morayfield with 394, Kallangur with 369, and Deception Bay with 308 houses sold. As for total units sold, South Brisbane came in second with 428 unit sales volume.
There is a renewed interest on blue-chip Coorparoo as well, as it sold 180 houses and 213 units for the same period. These numbers are indicative of a surge in demand that the suburb has not enjoyed in the last couple of years.

Greater Brisbane’s top Suburbs for Sales Volume in the 12 months to October 2018, according to Domain Group.

Suburb

House Unit Grand Total
Brisbane City 27 508

535

North Lakes

450 35 485
Morayfield 394 72

466

Kallangur 369 83

452

Caboolture

400 47 447
South Brisbane 14 428

442

Cleveland

324 91 415
Forest Lake 394 18

412

Coorparoo 180 213

393

Deception Bay

308 77

385