Suburb Profile Report for Noranda WA (6062)

Noranda House: Median price $580,000, Annual capital growth 0.78%, Number of sales 77, Weekly median advertised rent $420

Noranda Unit: Median price $317,500, Annual capital growth 0.66%, Number of sales 12, Weekly median advertised rent $298

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

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%.

YIP MAG Information supplied by:

YIP MAG
September 2015

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Families looking for a peaceful and safe neighbourhood with excellent amenities would be wise to check out NorandaFull summary Families looking for a peaceful and safe neighbourhood with excellent amenities would be wise to check out Noranda.

Located 12km north-east of the Perth CBD, Noranda boasts quality schools, parks, medical facilities and the Noranda Shopping Village.

The proximity to the CBD and the great bus network also makes this a popular suburb for professionals.

Surging demand for this suburb has resulted in a vacancy rate which is less than 1%, and a drop of 18.6% of stock over the past 12 months, according to Real Estate Investar.

And even though the median house price is $632,000, according to CoreLogic RP Data, there are three-bedroom houses on streets such as Cardwell Avenue which can be picked up for between $550,000 and $600,000.

These houses have the added benefit of being close to shops, schools, parks and bus stops.Close
Metrics i HOUSE UNIT
$580,000 $317,500
0.43% N/A
-3.73% -10.06%
0.78% 0.66%
$420 $298
77 12
3.77% 4.87%
106.56 88.14

Source: CoreLogic

DSR Score for property investment : Balanced (H), Above average (U)
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Demographics
Total population 8078
Median household income ($/weekly) 1416
Median age of persons 42
Median housing loan repayment ($/monthly) 1900
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 931 11.5
    25-34 years 852 10.5
    35-44 years 972 12.0
    45-54 years 1151 14.2
    55-64 years 1327 16.4
    Others 2845 35.2
    Age Group
    Census Count Percent(%)
    Registered Married 3620 57.3
    Not Married 2401 38.0
    Defacto Relationship 299 4.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 4513 58.0
    Japan 358 4.6
    United Kingdom 456 5.9
    Viet Nam 355 4.6
    Other 468 6.0
    Others 1628 20.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 473 6.2
    Christianity 5230 68.8
    Islam 267 3.5
    Judaism 408 5.4
    No Religion 1086 14.3
    Others 138 1.8
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 226 8.9
    $800-$999 227 8.9
    $1,500-$1,999 291 11.4
    $2,000-$2,499 266 10.5
    $2,500-$2,999 249 9.8
    Others 1286 50.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2584 39.7
    Not in the labour force 2146 33.0
    Employed, worked part-time 1345 20.7
    Employed, away from work 285 4.4
    Unemployed, looking for work 149 2.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 464 11.0
    Professionals 817 19.4
    Technicians & trades workers 673 16.0
    Clerical & administrative workers 746 17.7
    Sales 475 11.3
    Others 1042 24.7
    Occupation
    Census Count Percent(%)
    Pre-school 84 4.7
    Infants/Primary 601 33.9
    Secondary 503 28.4
    Technical or Further Educational Institution 147 8.3
    University or other Tertiary Institutions 402 22.7
    Others 35 2.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6928 89.3
    Semi-detached, row or terrace house, townhouse 755 9.7
    Flat, unit or apartment 68 0.9
    House or flat attached to a shop, office 3 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1378 49.4
    Being purchased 959 34.4
    Rented 434 15.6
    Other tenure type 17 0.6
    Tenure Type
Census 2011, ABS
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Recent sales & rentals