Noranda

POSTAL CODE: WA, 6062
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NORANDA, 6062 ranks 282nd on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 27.09% for property investors.

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

The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $1,180,000.

The upward trend in home prices in NORANDA, 6062 averaged 26.26% per annum over a 3-year period.

Average weekly rents on listings have reached the $810 mark, reflecting a 3.57% increase in returns based on the current median price in NORANDA.

An average of 7.5 real estate transactions take place per month in NORANDA which translates to 90 per annum.

90 properties were sold in NORANDA in 2016, making it the 20th most active market in WA based on total real estate transactions.

NORANDA, 6062 places 96th in Australia based on median property value growth during the quarter.

Surburb overview

Noranda, located approximately 12 kilometres northeast of Perth's central business district, is a suburb of Bayswater. The suburb was named after Noranda Park in Florida, USA. 

As of the 2021 census, Noranda had a population of 8,002 residents, with a median age of 45. Households primarily consist of couples with children, and the suburb features a mix of housing types, including separate houses and semi-detached dwellings. 

Noranda is serviced by several Transperth bus routes, including routes 344, 346, 347, and 371, which provide access to the Morley Bus Station and Warwick railway station. 

The main shopping centre in the suburb is Hawaiian's Noranda, formerly known as Noranda Palms Shopping Centre. Noranda also offers various recreational facilities, including the Lightning Park Recreation Centre and the Lightning Swamp Bushland. 

Noranda contains one high school—Morley Senior High School—and two state primary schools: Noranda Primary School and Camboon Primary School. Private schools near the suburb include Chisholm Catholic College, John Septimus Roe Anglican Community School, and St Andrew's Grammar School. 

The suburb has several junior sporting clubs, including the Noranda Hawks Football Club, Noranda Junior Cricket Club, and Noranda City Football Club. It also serves as a district in the WA Netball Association, providing several clubs that support many young children from neighbouring suburbs. 

The median house price in Noranda is approximately $845,500, and the median rent is $730 per week. Over the past year, the suburb has experienced a 19.0% sales growth and a 12.3% rental growth. 

Noranda combines suburban living with convenient access to Perth's CBD, offering residents a range of amenities and recreational opportunities within a community-focused environment. 

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