Property value increases in Norlane have tracked just higher than the VIC average of 9.78% over the last 12 months.
While Norlane,3214 ranked number 130th in VIC for increase in median house value (annualised) increase, it is ranked 433th over the last 5 years.
Vendor discounting in Norlane is giving property investors an average Vendor Discount of around -4.49%. This puts suburb at number 398th in VIC when ranking the most discounted suburbs.
Often selling an investment property can take time, and in Norlane the average time real estate has been on the market is 49.95 days.
Norlane is 117th on a list of best yielding suburbs for rents in VIC with a 4.99% return
With a capital gain of 10.73% for the last 12 months, Norlane, 3214 has performed for property investments than its average annual 1.87% property growth over the last 5 years.
If we look at median property appreciation over just the last three months, Norlane has given property investors a paper return of 3.19%. This puts Suburb as 108 on a list of fastest fasting appreciating suburbs in VIC
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Norlane, 3214. Typically our figures indicate that -4.20% is being offered, which puts this VIC suburb at 975th most discounted overall in Australia.
At number 772 in a list of fastest selling suburbs, Norlane is just in the bottom half of suburbs in Australia with an average of days on market 78 for properties listed there.
Property investors should expect to get $252.5 weekly from the median priced house in this suburb.