Property value increases in Norlane have tracked just higher than the VIC average of 11.00% over the last 12 months.
While Norlane,3214 ranked number 202th in VIC for increase in median house value (annualised) increase, it is ranked 396th over the last 5 years.
Vendor discounting in Norlane is giving property investors an average Vendor Discount of around -4.27%. This puts suburb at number 384th in VIC when ranking the most discounted suburbs.
At number 693 in a list of fastest selling suburbs, Norlane is in the TOP 20% of suburbs in Australia with an average of days on market 48.15 for properties listed there.
Property investors should expect to get $250 weekly from the median priced house in this suburb.
Norlane has had a pretty good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 10.00% to date .
A 18.71% growth in median value for property investors in Norlane,3214 puts this suburb at number 128th in terms of best performing suburbs in VIC
Norlane, 3214 is offering VIC ‘s 42th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 20% of discounts offered by this VIC.
On average over the past year, suburb has had 2.25 sales per month, which equates to 27 per year.
Norlane, 3214’s gross rental yield is 5.46%