Suburb Profile Report for Norville QLD (4670)

Norville House: Median price $228,000, Annual capital growth -0.54%, Number of sales 35, Weekly median advertised rent $290

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

Source: Monthly data update for Feb 2020 as supplied by CoreLogic. Data is reported to the period ending Nov 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report

Giving property investors a an average capital gain of -2.15% for the last year, Norville, 4670 is the 2208th highest performer in Australia in this respect.

The five-year average increase in median property values for Norville,4670 has given property investors a potential capital gain of 1.33% across each of those five years.

Vendor discounting in Norville is giving property investors an average Vendor Discount of around -4.91%. This puts suburb at number 610th in QLD when ranking the most discounted suburbs.

Residents and property investors in Norville have been waiting around 63.7 days to sell a property.

A $290 per week rent on the median house gives suburb investors a gross yield of circa 6.61%, without taking into account capital value appreciation, which has been averaging out at -0.54%.

Metrics i HOUSE UNIT
$228,000 N/A
6.54% N/A
-2.15% N/A
-0.54% N/A
$290 N/A
35 N/A
6.61% N/A
63.7 N/A

Source: Monthly data update for Feb 2020 as supplied by CoreLogic. Data is reported to the period ending Nov 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Balanced (U)
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Demographics
Total population 2556
Median household income ($/weekly) 773
Median age of persons 42
Median housing loan repayment ($/monthly) 1300
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 307 12.0
    35-44 years 274 10.7
    45-54 years 340 13.3
    55-64 years 309 12.1
    65-74 years 266 10.4
    Others 1060 41.5
    Age Group
    Census Count Percent(%)
    Not Married 888 46.1
    Registered Married 860 44.7
    Defacto Relationship 178 9.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 2200 90.8
    New Zealand 12 0.5
    Papua New Guinea 46 1.9
    United Kingdom 64 2.6
    Other 33 1.4
    Others 69 2.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 8 0.3
    Christianity 1792 76.9
    Hinduism 3 0.1
    Islam 19 0.8
    No Religion 505 21.7
    Others 3 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 114 12.2
    $400-$599 172 18.5
    $600-$799 137 14.7
    $800-$999 94 10.1
    $1,000-$1,249 88 9.4
    Others 327 35.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 901 45.9
    Employed, worked full-time 559 28.5
    Employed, worked part-time 334 17.0
    Unemployed, looking for work 106 5.4
    Employed, away from work 64 3.3
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 144 15.0
    Community & personal service workers 119 12.4
    Clerical & administrative workers 114 11.9
    Sales 139 14.5
    Labourers 176 18.4
    Others 265 27.7
    Occupation
    Census Count Percent(%)
    Pre-school 24 5.1
    Infants/Primary 197 41.9
    Secondary 151 32.1
    Technical or Further Educational Institution 52 11.1
    University or other Tertiary Institutions 40 8.5
    Others 6 1.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2306 94.3
    Flat, unit or apartment 71 2.9
    Semi-detached, row or terrace house, townhouse 66 2.7
    House or flat attached to a shop, office 3 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 406 40.8
    Rented 301 30.2
    Being purchased 289 29.0
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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