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Norwood

POSTAL CODE: SA, 5067
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Property investors enjoyed capital gains of 23.13% 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 19.31% 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 $720 based on current median home prices for the suburb.

On average, rents on listings have reached the $720 mark, reflecting a 2.27% increase in returns based on the current median price in NORWOOD.

NORWOOD, 5067 ranks 38th in SA in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 336th on the list of best yielding suburbs for rental properties in SA, posting a 2.27% return.

Surburb overview

Norwood is a vibrant inner-eastern suburb situated approximately 4 kilometres east of Adelaide’s central business district (CBD). It is part of the City of Norwood Payneham & St Peters and is renowned for its lively café culture, boutique shopping, and heritage character. Norwood offers a mix of modern urban conveniences with the charm of well-preserved historic homes, making it a popular choice for professionals, families, and retirees.

With a population of around 6,000 people, Norwood is a diverse and dynamic suburb featuring a blend of architectural styles, from Victorian and Edwardian homes to modern apartments and townhouses. Over the years, Norwood has seen gentrification, with many older homes being restored or renovated to preserve their historical charm.

Public transportation in Norwood is excellent, with several bus routes providing direct access to Adelaide’s CBD and surrounding suburbs. The suburb’s close proximity to the city also makes it a convenient location for those who prefer to walk or cycle to work. Major roads such as The Parade, Portrush Road, and Magill Road make it easy for residents to travel around Adelaide by car.

The heart of Norwood is its famous shopping and dining precinct along The Parade, a bustling street with supermarkets, boutique shops, specialty stores, cafés, and restaurants. The Parade is well-known for its vibrant café culture and nightlife, making it a popular destination for both locals and visitors.

The nearby Adelaide Parklands are easily accessible, offering large open spaces for walking, cycling, and picnicking. Local parks within the suburb, such as Richards Park and Hutchinson Park, provide additional green spaces for families and outdoor activities. The Norwood Oval is a key sports venue in the suburb, hosting local football and cricket matches.

Norwood is home to several well-regarded schools, making it a popular choice for families. These include Norwood Primary School and Marryatville High School, with several private schools such as St Ignatius Junior School and Pembroke School, offering families a range of educational options. The suburb’s close proximity to the University of Adelaide and other tertiary institutions also makes it a convenient location for students.

Healthcare services in Norwood are easily accessible. The nearby Royal Adelaide Hospital and Calvary Hospital provide comprehensive healthcare services, including emergency care, ensuring that residents have access to high-quality medical treatment.

Norwood’s community spirit is reflected in its regular events and festivals, such as the Norwood Christmas Pageant and the Norwood Food & Wine Festival, which attract large crowds and celebrate the suburb’s vibrant culture. The area’s heritage is also well-preserved, with several historic buildings, churches, and pubs adding to the character of the suburb.

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