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Norwood
AREA REPORTS

Norwood

Norwood - SUBURB PROFILE REPORT
POSTAL CODE: SA, 5067

house
unit

Property investors enjoyed capital gains of 17.94% over the last 12 months in NORWOOD, translating to lower returns compared with its peers in SA.

Figures from the previous quarter show that capital gains for real estate buyers in NORWOOD are low, as opposed to average gains per annum over the past five years.

The suburb posted a 42.52% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $550 based on current median home prices for the suburb.

On average, rents on listings have reached the $550 mark, reflecting a 2.41% increase in returns based on the current median price in NORWOOD.

NORWOOD, 5067 ranks 245th in SA in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 347th on the list of best yielding suburbs for rental properties in SA, posting a 2.41% return.

Data report can be found below

Norwood
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,186,500 $616,000
GROWTH REPORT
Median Quarterly 7.86% 1.82%
Median 12 month 17.94% 9.03%
Median 3 years 42.52% 10.49%
Median 5 years 52.12% 26.68%
10 years average annual 6.72% 2.6%
Weekly media advert. rent $550 $440
Time on Market 62.4 days 53.6 days
Gross Rental Yield Percent 2.41% 3.71%
demographics (median values)*
Total Population
10144
Weekly Household Income
1510
Household Size
2.10
Age
39
Monthly Loan Repayment
1950
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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