If you compare the increase in value of investment property in Noranda, 6062 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this WA suburb was -9.52%.
Taking the average capital gain, or increase in median house value, Noranda,6062 has racked up an average of -9.52% over the period. This ranks it number 3745th in the whole country for real estate investors looking at median house price increases.
Sellers are offering property buyers an average discount of -8.59% to buyers in Noranda at the moment, which is less than average for the rest of WA.
On average over the past year, suburb has had 6.08 sales per month, which equates to 73 per year.
A $420 per week rent on the median house gives suburb investors a gross yield of circa 3.83%, without taking into account capital value appreciation, which has been averaging out at 1.06%.
Investment property in Noranda has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -7.22%
At number 40th of WA’s most discounted properties, Noranda is in the bottom 40% of the state/territory when listing in order of most discounted to least.
Renters in Suburb are facing rents around $3600 per annum or $300 every week.