At number 62th in the list of Australian suburbs ordered by increase in median house value over the last year, Norah Head, 2263 is in the top 10% with a property value increase of 33.33% recorded in median house prices.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Norah Head has increased when compared to the 5 year average annual rate.
Property buyers and investors in Norah Head 2263 should be seeing an average reduction in asking price of around -2.44% . This means that Norah Head is holding prices well when compared to other suburbs in NSW.
At number 2924 in a list of fastest selling suburbs, Norah Head is in the bottom 30% of suburbs in Australia with an average of days on market 108 for properties listed there.
Using the current median advertised rental of $450 and the average annual increase in value of a median property of 8.97%, investors should hope to achieve an overall return of 2.60%