Norman Gardens is in the bottom 30% in QLD when comparing median price capital growth over the last year. Norman Gardens gave property investors a disappointing capital gain figure when compared to the rest of the state, with -1.93%.
Taking the average capital gain, or increase in median house value, Norman Gardens,4701 has racked up an average of -1.93% over the period. This ranks it number 3405th in the whole country for real estate investors looking at median house price increases.
LACK OF BUYER INTEREST may well be the reason that Norman Gardens is offering property investors an average of -7.29. This rate of discount on properties puts Suburb at number 247th in terms of most discounted suburbs in QLD
At number 2183 in a list of fastest selling suburbs, Norman Gardens is just in the bottom half of suburbs in Australia with an average of days on market 88.63 for properties listed there.
Norman Gardens, 4701’s gross rental yield is 4.63%
QLD has seen average median house prices change by 1.12% which means that Norman Gardens, 4701 has done well for property investors by showing a capital gain of -15.98% over the last year
Taking the average capital gain, or increase in median house value, Norman Gardens,4701 has racked up an average of -15.98% over the period. This ranks it number 1597th in the whole country for real estate investors looking at median house price increases.
On average over the past year, suburb has had 0.92 sales per month, which equates to 11 per year.
Using the current median advertised rental of $275 and the average annual increase in value of a median property of 3.75%, investors should hope to achieve an overall return of 5.11%