35 Wallarah Parade, North Lakes QLD 4509
35 Wallarah Parade, North Lakes QLD 4509
Modern 2013 build | 416m² fully fenced block | Alfresco with easterly breezes | No overlay risk | FTTP and 5G ready
This property offers a rare combination of a contemporary, low-maintenance floorplan on a manageable block with no flood, bushfire, or heritage constraints—a significant advantage in North Lakes where many listings carry overlay risk. The alfresco orientation captures prevailing breezes, a passive design feature that reduces cooling demand and extends outdoor use. For a buyer seeking a turnkey family home with strong rental fundamentals and minimal compliance exposure, this house is competitively positioned. It suits owner-occupiers prioritising school catchments and young families, or investors targeting the stable $655–$760 per week rental band with 3.3% suburb yield.
The primary risk is the 141m² internal footprint, which may feel constrained for buyers accustomed to larger living areas in this price bracket. The 2023 sale price is undisclosed, creating uncertainty around vendor cost base and negotiation leverage. However, the absence of overlay risk and the 12.6% suburb growth trajectory support medium-term capital stability. The property is best held as a core family home or long-term rental, not a short-term flip.
Detailed Independent Property Report prepared by PropCred Analyst team for 35 Wallarah Parade, North Lakes QLD 4509
Checks found:
Value Risk
✕
2
Liquidity Risk
!
1
Planning Risk
✓
Income Risk
✕
2
Execution Risk
✓
Market Insight
North Lakes is a high-growth, family-dominated suburb, with 53% of households being couples with children. Demand is driven by this demographic seeking affordable, family-friendly living, evidenced by houses selling in just 14-16 days. The market is exceptionally strong, with house prices up 10.4% and unit prices surging 25.8% over the past year. Future growth is underpinned by sustained rental demand, with unit rents rising 22.6%, though the median house price of $982,500 presents a key affordability constraint relative to local incomes.
PropCred Estimated Value
Bedrooms
4
Bathroom
2
Parking
2
Land
416m²
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