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AREA REPORTS

Norah Head

Suburb Profile

Norah Head - FREE SUBURB PROFILE REPORT

POSTAL CODE: NSW,2263

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Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.

The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $840,000.

The upward trend in home prices in NORAH HEAD, 2263 averaged 12.2% per annum over a 3-year period.

Average weekly rents on listings have reached the $395 mark, reflecting a 2.45% increase in returns based on the current median price in NORAH HEAD.

An average of 1 real estate transactions take place per month in NORAH HEAD which translates to 12 per annum.

12 properties were sold in NORAH HEAD in 2016, making it the 1310th most active market in NSW based on total real estate transactions.

NORAH HEAD, 2263 places 983rd in Australia based on median property value growth during the quarter.

Data report can be found below

KEY PROPERTY DATA REPORT	HOUSE	UNIT
Median Price	$840,000	N/A
GROWTH REPORT
Median Quarterly	-2.33%	N/A
Median 12 month	-11.58%	N/A
Median 3 years	36.59%	N/A
Median 5 years	46.34%	N/A
10 years average annual	7.97%	N/A
Weekly media advert. rent	$395	N/A
Time on Market	0.0 days	N/A
Gross Rental Yield Percent	2.45%	N/A

demographics (median values)

Total Population

1145

Weekly Household Income

1010

Household Size

2.70

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