Suburb Profile Report for Norman Park QLD (4170)

Norman Park House: Median price $810,000, Annual capital growth 6.07%, Number of sales 109, Weekly median advertised rent $500

Norman Park Unit: Median price $552,863, Annual capital growth 5.55%, Number of sales 44, Weekly median advertised rent $440

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Property investors who have had real estate in Norman Park, 4170 should be ok with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 2.08%

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Norman Park has increased when compared to the 5 year average annual rate.

At number 641th of QLD’s most discounted properties, Norman Park is in the TOP 30% of the state/territory when listing in order of most discounted to least.

At number 516 in a list of fastest selling suburbs, Norman Park is in the TOP 20% of suburbs in Australia with an average of days on market 50.94 for properties listed there.

Advertised rents are around the $500 mark per week – giving a return of 3.21% based on the median price in Suburb

At number 202th in the list of Australian suburbs ordered by increase in median house value over the last year, Norman Park, 4170 is in the top 20% with a property value increase of 15.18% recorded in median house prices.

A 25.51% growth in median value for property investors in Norman Park,4170 puts this suburb at number 19th in terms of best performing suburbs in QLD

The most recent median price for Norman Park is $552863, with sellers offering an average of -6.15% off the asking price.

Often selling an investment property can take time, and in Norman Park the average time real estate has been on the market is 67.77 days.

Lachlan Walker Information supplied by:

Lachlan Walker
Place Advisory

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Norman Park, located just 4km from the Brisbane CBD is one of those suburbs currently flying under the radar as the spotlight shines on its more famous neighbours. In Norman Park’s case, it’s Bulimba getting all the attention.Full summary

Norman Park, located just 4km from the Brisbane CBD is one of those suburbs currently flying under the radar as the spotlight shines on its more famous neighbours. In Norman Park’s case, it’s Bulimba getting all the attention.
 
Yet, looking closely, the suburb has fundamentals to support a solid growth in property values in the future, thanks to its extensive parklands that are continuing to attract families. The tranquil environment is also attractive to retirees who want to live closer to the CBD.
 
Residents enjoy a range of public transport options including trains, buses and ferries or city cat.
 
The suburb also boasts a number of high quality schools including the Norman Park State School, Seven Hills Primary School and St Thomas’ Catholic School.
 
“Long term, potential is for Norman Park to outperform – its proximity to the city, its diversity of residential opportunities, and the investment in main road upgrades all allow for buyers to capitalise as Norman Park enters a growth cycle,” says Lachlan Walker, director with Place Advisory.
 
Norman Park’s residential market is diverse – with opportunities ranging from prestige riverfront (some of the highest recorded house sales) to more affordable post-war homes according to Walker. “As an investor, you should be looking for property close to transport. Also investigate some of the smaller, new boutique residential buildings coming out in the area at very affordable prices,” he says.
 
For the renovators, post-war homes and Queenslanders are scattered throughout the area – look to add value with these properties.

Close
HOUSE UNIT
$810,000 $552,863
-3.40% 10.02%
2.08% 15.18%
6.07% 5.55%
$500 $440
109 44
3.21% 4.14%
50.94 67.77

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
Find a mortgage broker in Norman Park QLD
Demographics
Total population 6002
Median household income ($/weekly) 2110
Median age of persons 33
Median housing loan repayment ($/monthly) 2383
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 690 11.5
    25-34 years 1155 19.2
    35-44 years 1144 19.1
    45-54 years 795 13.2
    55-64 years 560 9.3
    Others 1658 27.6
    Age Group
    Census Count Percent(%)
    Registered Married 2024 46.1
    Not Married 1769 40.3
    Defacto Relationship 602 13.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 4629 80.7
    Papua New Guinea 203 3.5
    South Africa 48 0.8
    United Kingdom 277 4.8
    Other 192 3.3
    Others 389 6.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 92 1.7
    Christianity 3774 68.5
    Hinduism 35 0.6
    Other Religious Groups 34 0.6
    No Religion 1547 28.1
    Others 28 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 249 12.3
    $2,000-$2,499 229 11.3
    $2,500-$2,999 289 14.2
    $3,000-$3,499 219 10.8
    $4,000 or more 223 11.0
    Others 821 40.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2466 53.7
    Employed, worked part-time 972 21.2
    Not in the labour force 852 18.6
    Employed, away from work 161 3.5
    Unemployed, looking for work 140 3.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 633 17.6
    Professionals 1250 34.7
    Technicians & trades workers 329 9.1
    Clerical & administrative workers 567 15.8
    Sales 274 7.6
    Others 546 15.2
    Occupation
    Census Count Percent(%)
    Pre-school 85 6.0
    Infants/Primary 512 36.3
    Secondary 276 19.5
    Technical or Further Educational Institution 100 7.1
    University or other Tertiary Institutions 389 27.5
    Others 50 3.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4607 81.3
    Flat, unit or apartment 647 11.4
    Semi-detached, row or terrace house, townhouse 404 7.1
    Caravan, cabin, houseboat 6 0.1
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 864 38.9
    Rented 852 38.3
    Fully owned 506 22.8
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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Recent sales & rentals