AREA REPORTS

Norwood

 

 

TAS/
Norwood

Suburb Profile

Norwood - FREE SUBURB PROFILE REPORT
POSTAL CODE: TAS,7250

house
unit

Property investors have seen a -2.7% drop in NORWOOD based on a decrease in median home prices for the past three months.

Based on its average 5-year and quarterly capital gains NORWOOD, 7250 saw average growth in the long term.

The TAS suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $361,000

Profits averaged 4.66% per annum over a 3-year period, due to an upward trend in home prices in NORWOOD, 7250.

This means, real estate investors could earn a rental income of $360 based on current median home prices for the suburb.

The gross rental yield in NORWOOD, 7250 is 5.19%.

An average of 6.75 real estate transactions take place per month in NORWOOD which translates to 81 per annum.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $361,000 $274,000
GROWTH REPORT
Median Quarterly -2.7% -8.36%
Median 12 month 1.69% 15.37%
Median 3 years 13.97% N/A
Median 5 years 20.33% 22.32%
10 years average annual 1.75% 5.54%
Weekly media advert. rent $360 $277.5
Time on Market 50.0 days 81.4 days
Gross Rental Yield Percent 5.19% 5.27%
demographics (median values)
Total Population
3762
Weekly Household Income
1019
Household Size
2.40
demographics
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