North Lakes for property Investment
The award-winning master plan community of North Lakes can be an ideal place to raise a family. This peaceful and spacious suburb features many new properties and amenities for any lifestyle. Residents of North Lakes can already enjoy over 60 parks, a Westfield regional shopping centre, and an 18-hole championship golf course, while plans for future development are already underway.
While you can’t go wrong with a property in North Lakes, there are certain factors to keep in mind if you want to invest in a home that will support your family for years to come. To know what to look out for when buying a home in the North Lakes area, keep in mind the following important factors.
Of all the things to consider when investing in a property, location is one of the most important elements. Location can make the difference between spending years on a busy street or surrounded by spacious tranquillity.
In addition to the neighbourhood itself, you also want to consider location in terms of convenience. For example, if you have children or plan to have them in the future, it is a good idea to be on the lookout for nearby schools in the area. North Lakes hosts several private and public schools, including North Lakes State College and Lakes College, and there are also several childcare centres for smaller children.
Minimising work commute is also an important factor for many. Brisbane’s business centre is only 26 km south of North Lakes, and plans for a train stop have already been approved to facilitate easier access to the city. The North Lakes business park is also rapidly expanding and is projected to create many jobs for residents who prefer to work locally.
Long Term Potential
North Lakes offers one of the greatest selections of new home types of any suburb in the Moreton Bay Region. When shopping for a home, it is important to choose a property type that will support your family long-term. For some, this may mean investing in a single-family home with enough rooms for future children, while, for others, it may mean thinking about the retirement potential of a property.
Depending on where you are in life, you may prefer a large home with many rooms and a spacious garden, like an elite golf side home in Club North; Or, for those looking to downgrade, smaller properties and town homes, like those in SoLa and Circa, offer modern living with minimal maintenance.
Thinking about your long term needs can help you choose a home with will remain a dream home into the future.
Return on Investment
For the past decade, North Lakes home values have been pretty stable as new developments were constantly under constructions to meet demand. However, as space for expansion is starting to run out in North lakes, new constructions are already slowing to a halt—making current properties even more valuable. For this reason, investing in a home in North Lakes now can produce an attractive return if you ever decide to sell your property in the future.