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Norah Head
AREA REPORTS

Norah Head

Norah Head - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2263

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NORAH HEAD, 2263 ranks 74th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 56.36% for property investors.

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 $1,505,000.

The upward trend in home prices in NORAH HEAD, 2263 averaged 19.88% per annum over a 3-year period.

Average weekly rents on listings have reached the $480 mark, reflecting a 1.66% 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 1384th most active market in NSW based on total real estate transactions.

NORAH HEAD, 2263 places 961st in Australia based on median property value growth during the quarter.

Data report can be found below

Norah Head
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,505,000 N/A
GROWTH REPORT
Median Quarterly 4.15% N/A
Median 12 month 56.36% N/A
Median 3 years 59.64% N/A
Median 5 years 83.54% N/A
10 years average annual 13.41% N/A
Weekly media advert. rent $480 N/A
Time on Market 0.0 days N/A
Gross Rental Yield Percent 1.66% N/A
demographics (median values)*
Total Population
24267
Weekly Household Income
980
Household Size
2.30
Age
45
Monthly Loan Repayment
1538
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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