Suburb Profile Report for Norman Park QLD (4170)

Norman Park House: Median price $880,000, Annual capital growth 6.97%, Number of sales 112, Weekly median advertised rent $510

Norman Park Unit: Median price $630,000, Annual capital growth 6.13%, Number of sales 61, 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 value increases in Norman Park have tracked just higher than the QLD average of 2.39% over the last 12 months.

Over the longer term, Norman Park has seen property prices show investors a 22.22% return over the last 3 years. This is worse than over the last 12 months

Sellers are offering property buyers an average discount of -4.39% to buyers in Norman Park at the moment, which is less than average for the rest of QLD.

With a capital gain of 18.31% for the last 12 months, Norman Park, 4170 has performed for property investments than its average annual 6.13% property growth over the last 5 years.

Across a shorter period, Norman Park, 4170 has seen a median price increase of 8.62% over the last quarter.

Norman Park, 4170 is offering QLD ‘s 134th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this QLD.

At number 800 in a list of fastest selling suburbs, Norman Park is just in the bottom half of suburbs in Australia with an average of days on market 81.13 for properties listed there.

Advertised rents are around the $440 mark per week – giving a return of 3.63% based on the median price in Suburb

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
Metrics i HOUSE UNIT
$880,000 $630,000
0.00% 8.62%
7.98% 18.31%
6.97% 6.13%
$510 $440
112 61
3.01% 3.63%
68.9 81.13

Source: CoreLogic

DSR Score for property investment : Above average (H), Balanced (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