Suburb Profile Report for Norwood TAS (7250)

Norwood House: Median price $318,000, Annual capital growth 1.30%, Number of sales 59, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report

TAS has seen average median house prices change by 7.09% which means that Norwood, 7250 has done well for property investors by showing a capital gain of 3.25% over the last year

When looking at the potential capital gains offered to property investors over the last 3 years, Norwood comes in at number 128th in TAS.

Our latest figures would indicate that property sellers in Norwood are currently offering property investors an average price cut of -6.44% below the asking price at the moment.

A $350 per week rent on the median house gives suburb investors a gross yield of circa 5.72%, without taking into account capital value appreciation, which has been averaging out at 1.30%.

Metrics i HOUSE UNIT
$318,000 N/A
2.75% N/A
3.25% N/A
1.30% N/A
$350 N/A
59 N/A
5.72% N/A
63 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 3794
Median household income ($/weekly) 1112
Median age of persons 47
Median housing loan repayment ($/monthly) 1473
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 428 11.3
    35-44 years 450 11.9
    45-54 years 519 13.7
    55-64 years 542 14.3
    65-74 years 407 10.7
    Others 1449 38.2
    Age Group
    Census Count Percent(%)
    Registered Married 1531 55.6
    Not Married 1033 37.5
    Defacto Relationship 189 6.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 3253 88.9
    New Zealand 33 0.9
    Papua New Guinea 46 1.3
    United Kingdom 156 4.3
    Other 35 1.0
    Others 136 3.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 7 0.2
    Christianity 2676 76.5
    Judaism 9 0.3
    Other Religious Groups 10 0.3
    No Religion 790 22.6
    Others 4 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 166 12.8
    $600-$799 146 11.3
    $800-$999 134 10.3
    $1,500-$1,999 175 13.5
    $2,000-$2,499 122 9.4
    Others 553 42.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1260 40.9
    Employed, worked full-time 1022 33.2
    Employed, worked part-time 622 20.2
    Employed, away from work 99 3.2
    Unemployed, looking for work 79 2.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 207 11.9
    Professionals 386 22.1
    Technicians & trades workers 225 12.9
    Clerical & administrative workers 311 17.8
    Sales 196 11.2
    Others 419 24.0
    Occupation
    Census Count Percent(%)
    Pre-school 26 3.3
    Infants/Primary 289 37.0
    Secondary 282 36.1
    Technical or Further Educational Institution 70 9.0
    University or other Tertiary Institutions 101 12.9
    Others 14 1.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3199 93.4
    Flat, unit or apartment 168 4.9
    Semi-detached, row or terrace house, townhouse 56 1.6
    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 649 46.6
    Being purchased 476 34.2
    Rented 240 17.2
    Other tenure type 27 1.9
    Tenure Type
Census 2011, ABS
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