Suburb Profile Report for Norman Park QLD (4170)

Norman Park House: Median price $890,000, Annual capital growth 5.38%, Number of sales 92, Weekly median advertised rent $500

Norman Park Unit: Median price $575,000, Annual capital growth 3.62%, Number of sales 68, Weekly median advertised rent $435

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

At number 2156th in the list of Australian suburbs ordered by increase in median house value over the last year, Norman Park, 4170 is in the BOTTOM 50% with a property value increase of 6.14% recorded in median house prices.

Over the longer term, Norman Park has seen property prices show investors a 22.55% return over the last 3 years. This is worse than over the last 12 months

The most recent median price for Norman Park is $890000, with sellers offering an average of -4.61% off the asking price.

At number 1952 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 76.79 for properties listed there.

Using the current median advertised rental of $500 and the average annual increase in value of a median property of 5.38%, investors should hope to achieve an overall return of 2.92%

Over the last year, property investments in Norman Park, 4170 have given investors a capital gain of 4.31%. This compares favourably with the 0.29% for QLD as a whole.

The five-year average increase in median property values for Norman Park,4170 has given property investors a potential capital gain of 28.92% across each of those five years.

Our latest figures would indicate that property sellers in Norman Park are currently offering property investors an average price cut of -7.53% below the asking price at the moment.

In the last year 68 properties changed hands in Norman Park, which puts it as the 142th most active market in QLD when comparing the number of sales per suburb.

Using the current median advertised rental of $435 and the average annual increase in value of a median property of 3.62%, investors should hope to achieve an overall return of 3.93%

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
$890,000 $575,000
-1.06% -3.44%
6.14% 4.31%
5.38% 3.62%
$500 $435
92 68
2.92% 3.93%
76.79 93.75

Source: CoreLogic

DSR Score for property investment : Above average (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
Chart Table
Recent sales & rentals