With a capital gain of 10.00% for the last 12 months, Norman Park, 4170 has performed for property investments than its average annual 7.09% property growth over the last 5 years.
The five-year average increase in median property values for Norman Park,4170 has given property investors a potential capital gain of 37.50% 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 -5.08% below the asking price at the moment.
On average over the past year, suburb has had 9.92 sales per month, which equates to 119 per year.
Property investors should expect to get $520 weekly from the median priced house in this suburb.
Norman Park is in the TOP 10% in QLD when comparing median price capital growth over the last year. Norman Park gave property investors a very good capital gain figure when compared to the rest of the state, with 23.96%.
Norman Park,4170 was ranked 92 in Australia by increase in median property value over the quarter.
At number 87th of QLD’s most discounted properties, Norman Park is in the bottom 30% of the state/territory when listing in order of most discounted to least.
Norman Park is 358th on a list of best yielding suburbs for rents in QLD with a 3.85% return
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.