REDBANK PLAINS 
4 MIN READ487 Markets Join Million-dollar Property Club: CoreLogic
Australia’s property million-dollar club has continued to grow, as new research shows that more than one in five homes...
Read More
NorandaNoranda - SUBURB PROFILE REPORT
SHARE 
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The 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 $622,500.
The upward trend in home prices in NORANDA, 6062 averaged 5.82% per annum over a 3-year period.
Average weekly rents on listings have reached the $492.5 mark, reflecting a 4.11% increase in returns based on the current median price in NORANDA.
An average of 9.17 real estate transactions take place per month in NORANDA which translates to 110 per annum.
110 properties were sold in NORANDA in 2016, making it the 500th most active market in WA based on total real estate transactions.
NORANDA, 6062 places 305th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $622,500 | $305,000 |
| GROWTH REPORT | ||
| Median Quarterly | 2.05% | 1.67% |
| Median 12 month | 11.16% | 18.22% |
| Median 3 years | 17.45% | 12.96% |
| Median 5 years | 7.33% | N/A |
| 10 years average annual | 2.29% | 2.15% |
| Weekly media advert. rent | $492.5 | $360 |
| Time on Market | 24.5 days | 39.4 days |
| Gross Rental Yield Percent | 4.11% | 6.14% |
Get notifications in real-time for staying up to date with content that matters to you.
Copyright © 2021 Smart Property Investment
