If you compare the increase in value of investment property in Norwood, 7250 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this TAS suburb was 0.98%.
Norwood,7250 was ranked 2572 in Australia by increase in median property value over the quarter.
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.
Using the current median advertised rental of $310 and the average annual increase in value of a median property of 1.56%, investors should hope to achieve an overall return of 5.21%