Giving property investors a an average capital gain of 5.58% for the last year, Norman Park, 4170 is the 1824th highest performer in Australia in this respect.
Taking the average capital gain, or increase in median house value, Norman Park,4170 has racked up an average of 5.58% over the period. This ranks it number 1528th in the whole country for real estate investors looking at median house price increases.
Vendor discounting in Norman Park is giving property investors an average Vendor Discount of around -5.54%. This puts suburb at number 549th in QLD when ranking the most discounted suburbs.
Situated 3.68km from the CBD, Norman Park is one of Brisbane localities in the postcode 4170.
Giving property investors a a stable capital gain of 10.31% for the last year, Norman Park, 4170 is the 383th highest performer in Australia in this respect.
While Norman Park,4170 ranked number 17th in QLD for increase in median house value (annualised) increase, it is ranked 57th over the last 5 years.
Norman Park, 4170 is offering QLD ‘s 181th 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.
Residents and property investors in Norman Park have been waiting around 68.78 days to sell a property.
The QLD suburb of Norman Park, 4170 is in the Brisbane local government area.
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
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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.Close
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.