39 Shimao CrescentNorth Lakes QLD 4509
Property Details for 39 Shimao Cres, North Lakes
39 Shimao Cres, North Lakes is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 2009. The property has a land size of 450m2 and floor size of 150m2. While the property is not currently for sale or for rent, it was last sold in March 2023.
Last Listing description (September 2023)
INVESTORS : This terrific property offers astute investors a great opportunity for good capital growth. Owned independently & currently leased to Defence Housing on a long term lease which expires in 2027. Currently renting at $600PW with the annual rent review due again in December. The home has all the elements of a strong investment. It is located a short drive to multiple facilities and retailers making it a very handy location. Just minutes from the local childcare & schools, parks and Westfield, COSTCO, IKEA & Bunnings and perfectly located on the Northern suburbs of Brisbane providing easy access to Sunshine Coast beaches within a 35 minutes drive.
You will receive guaranteed rent from DHA that will provide an ongoing income stream into the long term. The DHA lease offers the new owners guaranteed income, resulting in stress-free investing, regardless of whether the home is tenanted. Ideal for investors from anywhere in the country, great for superannuation funds, or for those starting their property portfolio and looking for a safe and secure option to get started.
LEASE DETAILS :
* Lease start date : 30/05/2012
* Lease end date : 29/05/2027
* Lease option : USED
* Right to vary : 1 x up to 12 months Reduction and 1 x up to 12 months Extension
* Note: The option and right to vary is at DHA's discretion.
CURRENT RENT for 2023 : $600PW and adjusted each December according to an independent professional valuation
PROPERTY FEATURES:
* 4 Bedrooms inc. Main with Air conditioning, Built in robe and ensuite
* 2 Separate Air conditioned living areas
* Modern kitchen with ample bench and storage space,
* Air conditioned Living/dining
* Outdoor Alfresco dining/entertaining area with sliding doors to kitchen/dining
* Separate carpeted, air conditioned lounge
* Double lock up garage internal access to the home
* Security screens throughout
* 450 sqm block
* Quiet & convenient neighbourhood
* Built approx 2011
ABOUT NORTH LAKES REGION
Brisbane's Northern Growth Corridor is home to a large and rapidly-growing resident population of about 390,000 in Brisbane's neighbouring Moreton Bay Region, which is expected to grow to about 622,000 by 2031. This population growth will impact significantly on demand pushing property prices well above current median values.
The area is serviced well by the bustling The North Lakes Town centre with numerous cafes and restaurants and also includes and IKEA, Westfield Shopping Centre, Costo and Bunnings. There are numerous excellent surrounding schools, parks, top quality medical precincts. Brisbane city is approx 32 km and Caloundra is 60km North.
DHA LEASE BENEFITS:
* Guaranteed rent paid on time every time regardless of whether the house is tenanted
* Annual independent rent reviews
* Most non-structural maintenance paid for by DHA
* The lessor may also be entitled to a lease-end make-good (refer to the DHA Lease Agreement).
* Zero re-letting fees
RATES :
Council approx $2,180 per year
Water approx $1,000 per year
** Investing with DHA - This property is for sale on behalf of a DHA Lessor and has a DHA Lease Agreement in place. Visit dha.gov.au to learn about the benefits of investing in a DHA property. If you would like to arrange an inspection please contact Sharon Richter of Hudson Property Agents. In accordance with DHA regulations, we advise that this property will only be available for private inspections and to pre-qualified buyers.
Information provided above has been obtained from various sources which we believe to be accurate, however, Hudson Property Agents accept no liability for any errors or omissions, including but not limited to a Floorplan, build date, land size, floor plans and size, and property condition. Interested parties should make their own enquiries and conduct their own due diligence in addition to obtaining legal advice from their appointed solicitor or conveyancer.
Property History for 39 Shimao Cres, North Lakes, QLD 4509
- 21 Mar 2023Sold for $660,000
- 03 Feb 2023Listed for Sale Offers above $669,000
- 22 Jan 2020Listed for Rent $410 / week
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About North Lakes 4509
The size of North Lakes is approximately 11.6 square kilometres. It has 54 parks covering nearly 18.8% of total area. The population of North Lakes in 2011 was 15,045 people. By 2016 the population was 21,670 showing a population growth of 44.0% in the area during that time. The predominant age group in North Lakes is 0-9 years. Households in North Lakes are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in North Lakes work in a professional occupation. In 2011, 61.9% of the homes in North Lakes were owner-occupied compared with 54.8% in 2016.
North Lakes has 9,124 properties. Over the last 5 years, Houses in North Lakes have seen a 83.75% increase in median value, while Units have seen a 77.90% increase. As at 31 October 2024:
- The median value for Houses in North Lakes is $925,379 while the median value for Units is $619,881.
- Houses have a median rent of $650 while Units have a median rent of $570.
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