Suburb Profile Report for Norman Gardens QLD (4701)

Norman Gardens House: Median price $381,500, Annual capital growth 1.97%, Number of sales 115, Weekly median advertised rent $340

Norman Gardens Unit: Median price $280,000, Annual capital growth 3.75%, Number of sales 11, Weekly median advertised rent $275

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

Source: CoreLogic

  • House Report
  • Unit Report

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%

HOUSE UNIT
$381,500 $280,000
6.42% 0.54%
-1.93% -15.98%
1.97% 3.75%
$340 $275
115 11
4.63% 5.11%
88.63 N/A

Source: CoreLogic

DSR Score for property investment : Below average (U), Balanced (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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