Investment property in Norman Park has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 5.88%
Over the longer term, Norman Park has seen property prices show investors a 20.26% return over the last 3 years. This is worse than over the last 12 months
In the last year 91 properties changed hands in Norman Park, which puts it as the 265th most active market in QLD when comparing the number of sales per suburb.
Norman Park, 4170’s gross rental yield is 3.00%
At number 1441th in the list of Australian suburbs ordered by increase in median house value over the last year, Norman Park, 4170 is in the BOTTOM 20% with a property value increase of -6.14% recorded in median house prices.
If we look at median property appreciation over just the last three months, Norman Park has given property investors a paper return of -8.55%. This puts Suburb as 352 on a list of fastest fasting appreciating suburbs in QLD
Property investors should expect to get $430 weekly from the median priced house in this suburb.
Norman Park, located just 4km from the Brisbane CBD is one of those suburbs currently flying under the radar as the spotlight shines on its more famous neighbours. In Norman Park’s case, it’s Bulimba getting all the attention.Full summary
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Norman Park, located just 4km from the Brisbane CBD is one of those suburbs currently flying under the radar as the spotlight shines on its more famous neighbours. In Norman Park’s case, it’s Bulimba getting all the attention.Close
Yet, looking closely, the suburb has fundamentals to support a solid growth in property values in the future, thanks to its extensive parklands that are continuing to attract families. The tranquil environment is also attractive to retirees who want to live closer to the CBD.
Residents enjoy a range of public transport options including trains, buses and ferries or city cat.
The suburb also boasts a number of high quality schools including the Norman Park State School, Seven Hills Primary School and St Thomas’ Catholic School.
“Long term, potential is for Norman Park to outperform – its proximity to the city, its diversity of residential opportunities, and the investment in main road upgrades all allow for buyers to capitalise as Norman Park enters a growth cycle,” says Lachlan Walker, director with Place Advisory.
Norman Park’s residential market is diverse – with opportunities ranging from prestige riverfront (some of the highest recorded house sales) to more affordable post-war homes according to Walker. “As an investor, you should be looking for property close to transport. Also investigate some of the smaller, new boutique residential buildings coming out in the area at very affordable prices,” he says.
For the renovators, post-war homes and Queenslanders are scattered throughout the area – look to add value with these properties.