NORLANE ranks 287th in VIC when it comes to estimated capital gains experienced by property investors over the past three years.
The suburb’s capital gain of 22.8% for the past year is higher than average compared to its 51.98% growth within a five-year period.
This figures put the ATC suburb in the ranks of the best performing suburbs in Australia in terms of capital gains.
Also in NORLANE, the median home price is sitting at $307,000, and the average rent at $255, this suggests property owners could potentially earn a 4.32% increase in gross rental yield.
Property investors have seen a 5.86% gain in NORLANE based on an increase in median home prices for the past three months.
They believe that homeowners and real estate investors betting on NORLANE, 3214 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 22.8%.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 7.6% growth over a ten-year period. It ranks 737th on our list of suburbs that property investors should look into.
A steady increase in median property prices over a five-year period in NORLANE, 3214 translates to a 21.65% capital gain.
NORLANE, 3214 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 $272,500.
Augmented property values in NORLANE are trailing above the VIC average of 7.89% for the past year.
Real estate investors could earn a rental income of $270 based on current median home prices for the suburb.
Home owners selling their properties and realtors in NORLANE usually have to wait an average of 67.3 days days before their assets are lifted off the market.
NORLANE ranks 51st on the list of best yielding suburbs for rental properties in VIC, posting a 5.15% return.
NORLANE, 3214 places 184th in Australia based on median property value growth during the quarter.