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NorwoodNorwood - SUBURB PROFILE REPORT
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Property investors have seen a 2.9% gain in NORWOOD based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on NORWOOD, 7250 can rest assured about this TAS suburb's performance. The suburb saw median home prices rise by 26.02%.
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 $540,000
Profits averaged 16.67% 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 $450 based on current median home prices for the suburb.
The gross rental yield in NORWOOD, 7250 is 4.33%.
An average of 5.08 real estate transactions take place per month in NORWOOD which translates to 61 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $540,000 | $343,500 |
| GROWTH REPORT | ||
| Median Quarterly | 2.9% | 1.78% |
| Median 12 month | 26.02% | 23.78% |
| Median 3 years | 50% | 25.36% |
| Median 5 years | 74.33% | N/A |
| 10 years average annual | 6.61% | 10.05% |
| Weekly media advert. rent | $450 | $365 |
| Time on Market | 25.5 days | 13.6 days |
| Gross Rental Yield Percent | 4.33% | 5.53% |
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