At number 3828th in the list of Australian suburbs ordered by increase in median house value over the last year, Noranda, 6062 is in the BOTTOM 10% with a property value increase of -8.73% recorded in median house prices.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Noranda has increased when compared to the 5 year average annual rate.
Sellers are offering property buyers an average discount of -8.34% to buyers in Noranda at the moment, which is less than average for the rest of WA.
Noranda, 6062’s gross rental yield is 3.80%
Noranda is in the bottom 40% in WA when comparing median price capital growth over the last year. Noranda gave property investors a disappointing capital gain figure when compared to the rest of the state, with -7.93%.
Noranda, 6062 is offering WA ‘s 41th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this WA.
Often selling an investment property can take time, and in Noranda the average time real estate has been on the market is 85.38 days.
Noranda is 47th on a list of best yielding suburbs for rents in WA with a 4.76% return