Suburb Profile Report for Norwood SA (5067)

Norwood House: Median price $855,000, Annual capital growth 5.75%, Number of sales 63, Weekly median advertised rent $475

Norwood Unit: Median price $499,000, Annual capital growth 4.17%, Number of sales 115, Weekly median advertised rent $380

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Investment property in Norwood has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 4.27%

Norwood,5067 was ranked 2017 in Australia by increase in median property value over the quarter.

Vendor discounting in Norwood is giving property investors an average Vendor Discount of around -7.70%. This puts suburb at number 90th in SA when ranking the most discounted suburbs.

Often selling an investment property can take time, and in Norwood the average time real estate has been on the market is 67.48 days.

Property investors should expect to get $475 weekly from the median priced house in this suburb.

Investment property in Norwood has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -0.20%

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Norwood has fallen somewhat when compared to the 5 year average annual rate.

At number 149th of SA’s most discounted properties, Norwood is in the TOP 10% of the state/territory when listing in order of most discounted to least.

At number 414 in a list of fastest selling suburbs, Norwood is in the TOP 30% of suburbs in Australia with an average of days on market 56.32 for properties listed there.

Norwood is 160th on a list of best yielding suburbs for rents in SA with a 3.96% return

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Norwood is a well-known and cosmopoiltan suburb, around 3km from the Adelaide CBD.

Full summary

Norwood is a well-known and cosmopoiltan suburb, around 3km from the Adelaide CBD.

“There are lots of cafes, shops and restaurants on the parade that are all within walking distance, and you can walk to the CBD in five to 10 minutes," explains Toop & Toop’s Simon Veitch

In terms of demographics, he explains that Norwood attracts a wide range of people who are attracted to the combination of its lifestyle and accessibility. These include retirees, young professionals and families.

Being so close to the CBD he adds that houses tend not to be on large blocks, but there are some beautiful small- to medium-sized character homes that rent well to families in particular.

“The houses are generally three-bedroom,” he adds. “And there’s a good price range. I sold one to an investor recently in the low 600s, and that will rent out for $450 to $500 per week.”

In terms of renovation prospects, owners do well by renovating or extending character homes. The newer 1950s and 1960s homes that aren’t protected by heritage laws tend to be demolished and replaced with newer real estate.

“Developers will build a new home, or a pair of homes,” says Veitch. “These attract retirees in particular because they like newer homes that don’t have so much of a garden to maintain."

$855,000 $499,000
0.59% -1.19%
4.27% -0.20%
5.75% 4.17%
$475 $380
63 115
2.89% 3.96%
67.48 56.32

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
Find a mortgage broker in Norwood SA
Total population 5802
Median household income ($/weekly) 1329
Median age of persons 38
Median housing loan repayment ($/monthly) 2000
Average household size 2
  • Census Count Percent(%)
    20-24 years 597 10.3
    25-34 years 1235 21.3
    35-44 years 765 13.2
    45-54 years 783 13.5
    55-64 years 748 12.9
    Others 1674 28.9
    Age Group
    Census Count Percent(%)
    Not Married 2396 52.8
    Registered Married 1557 34.3
    Defacto Relationship 589 13.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 3792 69.9
    Croatia 137 2.5
    Japan 135 2.5
    United Kingdom 390 7.2
    Other 219 4.0
    Others 751 13.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 152 2.9
    Christianity 2797 54.2
    Hinduism 78 1.5
    Other Religious Groups 56 1.1
    No Religion 2021 39.2
    Others 57 1.1
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 212 8.6
    $600-$799 201 8.1
    $1,250-$1,499 202 8.2
    $1,500-$1,999 306 12.4
    $2,500-$2,999 301 12.2
    Others 1249 50.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2114 43.3
    Not in the labour force 1446 29.6
    Employed, worked part-time 991 20.3
    Unemployed, looking for work 168 3.4
    Employed, away from work 159 3.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 474 14.5
    Professionals 1319 40.4
    Community & personal service workers 300 9.2
    Clerical & administrative workers 442 13.5
    Sales 267 8.2
    Others 462 14.2
    Census Count Percent(%)
    Infants/Primary 275 21.6
    Secondary 162 12.7
    Technical or Further Educational Institution 126 9.9
    University or other Tertiary Institutions 611 48.0
    Other type of educational institution 53 4.2
    Others 45 3.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2219 42.6
    Semi-detached, row or terrace house, townhouse 2133 41.0
    Flat, unit or apartment 851 16.3
    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(%)
    Rented 1268 47.7
    Fully owned 747 28.1
    Being purchased 601 22.6
    Other tenure type 45 1.7
    Tenure Type
Census 2011, ABS
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