Suburb Profile Report for Norman Gardens QLD (4701)

Norman Gardens House: Median price $353,500, Annual capital growth 1.44%, Number of sales 109, Weekly median advertised rent $350

Norman Gardens Unit: Median price $292,000, Annual capital growth 4.71%, Number of sales 11, Weekly median advertised rent $285

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

Source: CoreLogic

  • House Report
  • Unit Report

QLD has seen average median house prices change by 1.98% which means that Norman Gardens, 4701 has done well for property investors by showing a capital gain of -14.82% over the last year

The five-year average increase in median property values for Norman Gardens,4701 has given property investors a potential capital gain of -18.74% across each of those five years.

LACK OF BUYER INTEREST may well be the reason that Norman Gardens is offering property investors an average of -7.32. This rate of discount on properties puts Suburb at number 231th in terms of most discounted suburbs in QLD

A $350 per week rent on the median house gives suburb investors a gross yield of circa 5.15%, without taking into account capital value appreciation, which has been averaging out at 1.44%.

With a capital gain of -14.31% for the last 12 months, Norman Gardens, 4701 has performed for property investments than its average annual 4.71% property growth over the last 5 years.

Taking the average capital gain, or increase in median house value, Norman Gardens,4701 has racked up an average of -14.31% over the period. This ranks it number 1556th in the whole country for real estate investors looking at median house price increases.

Norman Gardens, 4701’s gross rental yield is 5.08%

HOUSE UNIT
$353,500 $292,000
-1.81% -2.01%
-14.82% -14.31%
1.44% 4.71%
$350 $285
109 11
5.15% 5.08%
88.75 N/A

Source: CoreLogic

DSR Score for property investment : Below average (U), Below average (H)
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Demographics
Total population 8430
Median household income ($/weekly) 1448
Median age of persons 34
Median housing loan repayment ($/monthly) 1800
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 1179 14.0
    25-34 years 1205 14.3
    35-44 years 1155 13.7
    45-54 years 1155 13.7
    55-64 years 870 10.3
    Others 2867 34.0
    Age Group
    Census Count Percent(%)
    Registered Married 2988 51.9
    Not Married 2176 37.8
    Defacto Relationship 598 10.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 6846 86.8
    Indonesia 101 1.3
    Papua New Guinea 127 1.6
    United Kingdom 125 1.6
    Other 272 3.4
    Others 415 5.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 96 1.3
    Christianity 5948 77.7
    Hinduism 104 1.4
    Islam 78 1.0
    No Religion 1389 18.1
    Others 45 0.6
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 235 9.2
    $800-$999 215 8.4
    $1,500-$1,999 386 15.1
    $2,000-$2,499 313 12.3
    $2,500-$2,999 223 8.7
    Others 1180 46.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2837 45.8
    Not in the labour force 1813 29.3
    Employed, worked part-time 1119 18.1
    Employed, away from work 251 4.1
    Unemployed, looking for work 175 2.8
    Person Characteristics
  • Census Count Percent(%)
    Professionals 809 19.2
    Technicians & trades workers 697 16.6
    Clerical & administrative workers 704 16.7
    Sales 438 10.4
    Labourers 415 9.9
    Others 1141 27.1
    Occupation
    Census Count Percent(%)
    Pre-school 85 4.4
    Infants/Primary 768 39.3
    Secondary 506 25.9
    Technical or Further Educational Institution 152 7.8
    University or other Tertiary Institutions 388 19.9
    Others 55 2.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6866 89.5
    Flat, unit or apartment 417 5.4
    Semi-detached, row or terrace house, townhouse 361 4.7
    Caravan, cabin, houseboat 25 0.3
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1073 37.6
    Rented 935 32.7
    Fully owned 839 29.4
    Other tenure type 9 0.3
    Tenure Type
Census 2011, ABS
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