Suburb Profile Report for Norville QLD (4670)

Norville House: Median price $231,250, Annual capital growth 1.69%, Number of sales 46, Weekly median advertised rent $285

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

Source: CoreLogic

  • House Report

Property value increases in Norville have tracked just higher than the QLD average of 2.06% over the last 12 months.

When looking at the potential capital gains offered to property investors over the last 3 years, Norville comes in at number 723th in QLD.

Property investors looking for a bargain in Norville should be aiming for at least -7.54% off the asking price, which is the average vendor discount being achieved at the moment.

Often selling an investment property can take time, and in Norville the average time real estate has been on the market is 70.72 days.

A $285 per week rent on the median house gives suburb investors a gross yield of circa 6.41%, without taking into account capital value appreciation, which has been averaging out at 1.69%.

Metrics i HOUSE UNIT
$231,250 N/A
0.54% N/A
5.35% N/A
1.69% N/A
$285 N/A
46 N/A
6.41% N/A
70.72 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (U), Above average (H)
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Demographics
Total population 2556
Median household income ($/weekly) 773
Median age of persons 42
Median housing loan repayment ($/monthly) 1300
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 307 12.0
    35-44 years 274 10.7
    45-54 years 340 13.3
    55-64 years 309 12.1
    65-74 years 266 10.4
    Others 1060 41.5
    Age Group
    Census Count Percent(%)
    Not Married 888 46.1
    Registered Married 860 44.7
    Defacto Relationship 178 9.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 2200 90.8
    New Zealand 12 0.5
    Papua New Guinea 46 1.9
    United Kingdom 64 2.6
    Other 33 1.4
    Others 69 2.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 8 0.3
    Christianity 1792 76.9
    Hinduism 3 0.1
    Islam 19 0.8
    No Religion 505 21.7
    Others 3 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 114 12.2
    $400-$599 172 18.5
    $600-$799 137 14.7
    $800-$999 94 10.1
    $1,000-$1,249 88 9.4
    Others 327 35.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 901 45.9
    Employed, worked full-time 559 28.5
    Employed, worked part-time 334 17.0
    Unemployed, looking for work 106 5.4
    Employed, away from work 64 3.3
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 144 15.0
    Community & personal service workers 119 12.4
    Clerical & administrative workers 114 11.9
    Sales 139 14.5
    Labourers 176 18.4
    Others 265 27.7
    Occupation
    Census Count Percent(%)
    Pre-school 24 5.1
    Infants/Primary 197 41.9
    Secondary 151 32.1
    Technical or Further Educational Institution 52 11.1
    University or other Tertiary Institutions 40 8.5
    Others 6 1.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2306 94.3
    Flat, unit or apartment 71 2.9
    Semi-detached, row or terrace house, townhouse 66 2.7
    House or flat attached to a shop, office 3 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 406 40.8
    Rented 301 30.2
    Being purchased 289 29.0
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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