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Noranda
AREA REPORTS

Noranda

Noranda - SUBURB PROFILE REPORT
POSTAL CODE: WA, 6062

house
unit

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.

Data report can be found below

Noranda
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%
demographics (median values)*
Total Population
32670
Weekly Household Income
1432
Household Size
2.60
Age
39
Monthly Loan Repayment
1950
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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