Giving property investors a a stable capital gain of 8.57% for the last year, Norman Park, 4170 is the 1364th 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 8.57% over the period. This ranks it number 1358th in the whole country for real estate investors looking at median house price increases.
Norman Park4170 is located in QLD which offers an average discount of -7.24% to property investors. Norman Park itself is showing figures that indicate -4.59% is the average achievable by property buyers investing in the suburb.
With the median price for a house in Norman Park being $867500 and the advertised rent reaching $525 the gross rental yield for property investors calculates out to be 3.15%
QLD has seen average median house prices change by 0.65% which means that Norman Park, 4170 has done well for property investors by showing a capital gain of 10.44% over the last year
While Norman Park,4170 ranked number 225th in QLD for increase in median house value (annualised) increase, it is ranked 44th over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that Norman Park is offering property investors an average of -6.14. This rate of discount on properties puts Suburb at number 130th in terms of most discounted suburbs in QLD
In the last year 53 properties changed hands in Norman Park, which puts it as the 165th most active market in QLD when comparing the number of sales per suburb.
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.