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AREA REPORTS

Noranda

Suburb Profile

Noranda - FREE SUBURB PROFILE REPORT
POSTAL CODE: WA,6062

house
unit

Based on its average 5-year and quarterly capital gains, the suburb saw average decrease 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 $497,000.

The downward trend in home prices in NORANDA, 6062 averaged -4.65% per annum over a 3-year period.

Average weekly rents on listings have reached the $430 mark, reflecting a 4.5% increase in returns based on the current median price in NORANDA.

An average of 5.83 real estate transactions take place per month in NORANDA which translates to 70 per annum.

70 properties were sold in NORANDA in 2016, making it the 66th most active market in WA based on total real estate transactions.

NORANDA, 6062 places 197th in Australia based on median property value growth during the quarter.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $497,000 $228,500
GROWTH REPORT
Median Quarterly -0.2% 1.56%
Median 12 month -5.33% -10.39%
Median 3 years -13.94% N/A
Median 5 years -22.34% -40.07%
10 years average annual -0.5% -2.25%
Weekly media advert. rent $430 $290
Time on Market 66.8 days 57.8 days
Gross Rental Yield Percent 4.5% 6.6%
demographics (median values)
Total Population
8234
Weekly Household Income
1161
Household Size
2.80
demographics
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