Suburb Profile Report for Norah Head NSW (2263)

Norah Head House: Median price $950,000, Annual capital growth 8.56%, Number of sales 13, Weekly median advertised rent $448

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

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report

Property value increases in Norah Head have tracked higher than the NSW average of -4.28% over the last 12 months.

Over the longer term, Norah Head has seen property prices show investors a 30.14% return over the last 3 years. This is worse than over the last 12 months

A $448 per week rent on the median house gives suburb investors a gross yield of circa 2.45%, without taking into account capital value appreciation, which has been averaging out at 8.56%.

Metrics i HOUSE UNIT
$950,000 N/A
1.55% N/A
11.11% N/A
8.56% N/A
$448 N/A
13 N/A
2.45% N/A
N/A N/A

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Balanced (U)
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Demographics
Total population 1087
Median household income ($/weekly) 1062
Median age of persons 49
Median housing loan repayment ($/monthly) 2000
Average household size 2.6
  • Census Count Percent(%)
    25-34 years 99 9.1
    35-44 years 94 8.6
    45-54 years 189 17.4
    55-64 years 183 16.8
    65-74 years 101 9.3
    Others 421 38.7
    Age Group
    Census Count Percent(%)
    Registered Married 459 56.5
    Not Married 307 37.8
    Defacto Relationship 46 5.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 945 90.1
    Papua New Guinea 9 0.9
    United Kingdom 48 4.6
    United States of America 7 0.7
    Other 7 0.7
    Others 33 3.1
    Country of Birth
    Census Count Percent(%)
    Christianity 812 80.9
    No Religion 189 18.8
    Buddhism 3 0.3
    Hinduism 0 0.0
    Islam 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 47 13.9
    $600-$799 36 10.7
    $800-$999 30 8.9
    $1,500-$1,999 39 11.6
    $2,000-$2,499 29 8.6
    Others 156 46.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 411 45.5
    Employed, worked full-time 260 28.8
    Employed, worked part-time 158 17.5
    Employed, away from work 45 5.0
    Unemployed, looking for work 29 3.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 55 11.8
    Professionals 98 21.1
    Technicians & trades workers 75 16.1
    Clerical & administrative workers 57 12.3
    Sales 56 12.0
    Others 124 26.7
    Occupation
    Census Count Percent(%)
    Pre-school 14 7.3
    Infants/Primary 46 24.0
    Secondary 70 36.5
    Technical or Further Educational Institution 23 12.0
    University or other Tertiary Institutions 29 15.1
    Others 10 5.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 900 92.6
    Semi-detached, row or terrace house, townhouse 22 2.3
    Caravan, cabin, houseboat 22 2.3
    House or flat attached to a shop, office 16 1.6
    Flat, unit or apartment 12 1.2
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 190 50.4
    Being purchased 102 27.1
    Rented 79 21.0
    Other tenure type 6 1.6
    Tenure Type
Census 2011, ABS
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