At number 3482th in the list of Australian suburbs ordered by increase in median house value over the last year, Noranda, 6062 is in the BOTTOM 20% with a property value increase of -3.73% recorded in median house prices.
Across a shorter period, Noranda, 6062 has seen a median price increase of 0.43% over the last quarter.
Noranda6062 is located in WA which offers an average discount of -8.24% to property investors. Noranda itself is showing figures that indicate -8.02% is the average achievable by property buyers investing in the suburb.
Advertised rents are around the $420 mark per week – giving a return of 3.77% based on the median price in Suburb
Giving property investors a a poor capital gain of -10.06% for the last year, Noranda, 6062 is the 1560th highest performer in Australia in this respect.
Vendor discounting in Noranda is giving property investors an average Vendor Discount of around -8.63%. This puts suburb at number 55th in WA when ranking the most discounted suburbs.
A $297.5 per week rent on the median house gives suburb investors a gross yield of circa 4.87%, without taking into account capital value appreciation, which has been averaging out at 0.66%.