North Lakes at a glance
24,848
People
$1,055,000
Median sale
$686/wk
Median rent
3.38%
Suburb gross yield
Median sale from 183 recorded sales (last 12 months) — a Districts calculation.
QLD › North Lakes › Garigal St
$400,000
Last sold
15 Jan 2021
4
Bedrooms
2
Bathrooms
1
Car spaces
362 m²
Land
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Last sold
$400,000
15 Jan 2021 · derived via latest_sale
Local land rate: recorded House sales in North Lakes (last 5 years) with land size have a median of $2,508/m² of land (n=150). Districts calculation from recorded sales — not a valuation.
North Lakes at a glance
24,848
People
$1,055,000
Median sale
$686/wk
Median rent
3.38%
Suburb gross yield
Median sale from 183 recorded sales (last 12 months) — a Districts calculation.
Vs North Lakes
-62.1%
Median sale
Suburb $1,055,000
+5.54 pp
Gross yield
Suburb 3.38%
Suburb median $1,055,000 from 183 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning data is being calculated
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
For more information on this property, visit Queensland Globe.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
QLDPlanning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Nearby development applications are not loaded. This lot’s own applications are a separate question.
Rental
No advertised rent is recorded. Suburb median rent $686/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. Nearby development applications are not loaded. This lot’s own applications are a separate question. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
1 of 10 questions answered so far
Development optionality of this lot
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownNearby development applications are not loaded. This lot’s own applications are a separate question.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
North Lakes at a glance
24,848
People
$1,055,000
Median sale
$686/wk
Median rent
3.38%
Suburb gross yield
Median sale from 183 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Arcadia Estate AgencyWith great street appeal, this home is set on a lovely low-maintenance block in a quiet neighbourhood. Generously proportioned both inside and out, this property is a rare offering of space and lifestyle in a low-set design. Stepping through the front door, you are welcomed by sophisticated and cool interiors, with stylish flooring and neutral colours on the walls. The entry hall flows graciously through to the main living spaces and arrives at the kitchen, then further out to the outdoor entertaining area and sweeping lawns beyond. Each of these well-appointed spaces are perfect for those who entertain and enjoy relaxing with family, both inside and out.
The large master suite is situated to the front of the property and has been equipped with large built in storage, a lovely ensuite and ceiling fan. The additional bedrooms are privately situated to the rear of the property and also include built in wardrobes, ceiling fans and carpeted floors. Low-maintenance finishes, a neutral colour scheme and modern finishes throughout make this a highly desirable property.
This property is leased through the National Rental Affordability Scheme (NRAS). Over a period of ten years, NRAS was designed to provide financial incentives to investors and was designed to encourage the supply of affordable housing. The current tenancy agreement expires in February 2021. With over two years remaining on the NRAS scheme, this investment offers great benefits but with the option to remove. Please contact me for any queries you may have about NRAS.
This property features:
* Lowset brick and tile home
* Open plan living, dining and kitchen, opening to entertaining area and yard
* Kitchen with modern stainless steel appliances, including dishwasher
* DeLonghi air conditioner to living
* Master bedroom with built in wardrobe, ensuite and ceiling fan
* Additional three bedrooms with built in storage and ceiling fans
* Family bathroom conveniently located, toilet separate
* Bathroom with shower and bathtub, vanity with storage
* Separate laundry with side access to clothes line
* Single lock up remote access garage with direct internal access
* Tiled flooring to living areas, carpets to bedrooms
* Security and insect screens throughout
* Rain water tank
* Lovely, tidy backyard
Situated on a low maintenance 362sqm block, this home is fronted by neat gardens and offers just the right amount of lawn to enjoy. Situated in a tranquil, family friendly neighbourhood and across the road from the local park, this is a desirable property for homeowners and prospective tenants alike. In addition to this, the property is only 1km away from Bounty Boulevard State School, and zoned within the North Lakes State College catchment. Convenient to the great range of amenities and shops this area has to offer with its central yet protected location. Also great for commuters, the property is convenient to the Bruce Highway, servicing access both north and south. An excellent opportunity for the savvy property investor, call to register your interest today!
Listing description written by Zac Daynes, Arcadia Estate Agency — reproduced as published, not verified by Districts.