It 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 $30,000
The augmented property values in the suburb are trailing behind the territorial average of -3.68% in 2016.
Home owners selling their properties and realtors in NORSEMAN usually have to wait an average of 122.1 days days before their assets are lifted off the market.
The WA suburb ranks 430th on the list of best yielding suburbs for rental properties in WA, posting a 0% return.
It also places places 11th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-31.03%||N/A|
|Median 3 years||20%||N/A|
|Median 5 years||-17.81%||N/A|
|10 years average annual||1.87%||N/A|
|Weekly media advert. rent||N/A||N/A|
|Time on Market||122.1 days||N/A|
|Gross Rental Yield Percent||N/A||N/A|