23 Shimao CrescentNorth Lakes QLD 4509
Property Details for 23 Shimao Cres, North Lakes
23 Shimao Cres, North Lakes is a 3 bedroom, 2 bathroom House with 2 parking spaces and was built in 2010. The property has a land size of 452m2 and floor size of 146m2. While the property is not currently for sale or for rent, it was last sold in August 2021.
Last Listing description (December 2021)
Queensland's Property market is on fire! Now is the the time to invest in our state and what better way than to secure an investment with Government guaranteed rent. North Lakes is a rapidly growing area and investors will love the security of the long term lease in place with DHA (Defence Housing Australia). Currently leased until May 2023 with a further option of 3 years.
A DHA (Defence Housing Australia) lease offers the new owners guaranteed rental income, resulting in stress free investing, regardless of whether the home is tenanted. Ideal for investors from anywhere in the country, superannuation funds, and perfect for those starting their property portfolio and looking for a safe and secure option to get started. At the end of the lease the owner can move in, rent out or sell at their own leisure.
This 3 bedroom house features open plan kitchen/family/dining area opening to a covered rear patio. There is also a separate lounge room with air conditioning, which adds to the spacious living areas. The master bedroom is located at the front of the house and has a walk-in robe and ensuite. All other bedrooms have built-in wardrobes, ceiling fans and security screens. There is a generous sized, fully fenced back yard with low maintenance garden, water tank and low maintenance garden.
* Lease start date: 18/05/2011
* Lease end date: 17/05/2023
* Current Rental per week: $425.00
* Lease option: 3 years
**All options and variations are exercised at DHA's discretion.
Rent is reviewed in December every year by a registered valuer
DHA LEASE BENEFITS
* DHA guarantee to pay the rent even if the property is vacant.
* DHA Property Care, an all-inclusive service fee, covers a range of property related services.
* The property is cleaned at the end of each tenancy period.
* The lessor may also be entitled to a lease-end make-good (refer to the DHA Lease Agreement)
* A rental floor may apply to the DHA Lease Agreement (applicable to specific lease editions and
applies to commencement rent).
With huge growth predicted for this area, and new investment streaming in from both government and business, North Lakes is a community for today and tomorrow. Only 25 kilometres from Brisbane and handy to the Sunshine Coast, North Lakes is the pinnacle of contemporary convenience and family-friendly fun. With schools, sporting fields, a Westfield Shopping Centre, libraries, swimming pool, medical centres, bike paths, gyms, several major hardware stores, you get the sense that there are very few reasons why North Lakes residents would ever want to leave their suburb.
In accordance with DHA regulations, we advise that this property will be available for private inspection only and to pre-qualified buyers only. Photos are supplied under agreement by DHA and are for illustration purposes only.
For more information, please contact your DHA sales specialist - R&W Ascot.
Property History for 23 Shimao Cres, North Lakes, QLD 4509
- 18 Oct 2021Listed for Sale Offers over $535,000
- 25 Aug 2021Sold for $561,000
- 28 Apr 2011Sold for $425,000
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About North Lakes 4509
The size of North Lakes is approximately 11.6 square kilometres. There are 54 parks, covering nearly 18.8% of the total area. The population of North Lakes in 2016 was 21671 people. By 2021 the population was 23030 showing a population growth of 6.3% in the area during that time. The predominant age group in North Lakes is 10-19 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 2021, 59.10% of the homes in North Lakes were owner-occupied compared with 54.80% in 2016.
North Lakes has 9,241 properties. Over the last 5 years, Houses in North Lakes have seen a 96.52% increase in median value, while Units have seen a 124.31% increase. As at 30 June 2026:
- The median value for Houses in North Lakes is $1,165,372 while the median value for Units is $854,319.
- Houses have a median rent of $690 while Units have a median rent of $635.
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