Suburb Profile Report for Norman Gardens QLD (4701)

Norman Gardens House: Median price $410,000, Annual capital growth -0.76%, Number of sales 210, Weekly median advertised rent $400

Norman Gardens Unit: Median price $230,000, Annual capital growth -3.34%, Number of sales 23, Weekly median advertised rent $280

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

Source: Monthly data update for Jul 2021 as supplied by CoreLogic. Data is reported to the period ending Apr 2021. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

At number 2563th in the list of Australian suburbs ordered by increase in median house value over the last year, Norman Gardens, 4701 is in the BOTTOM 40% with a property value increase of 7.89% recorded in median house prices.

The five-year average increase in median property values for Norman Gardens,4701 has given property investors a potential capital gain of 6.49% across each of those five years.

State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.00% offered to property buyers. Sellers in Norman Gardens itself are offering an average vendor discount of -4.41% to real estate investors.

Residents and property investors in Norman Gardens have been waiting around 67.3451 days to sell a property.

Norman Gardens is 274th on a list of best yielding suburbs for rents in QLD with a 5.07% return

Property investors who have had real estate in Norman Gardens, 4701 should be unhappy with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -10.68%

While Norman Gardens,4701 ranked number 102th in QLD for increase in median house value (annualised) increase, it is ranked 329th over the last 5 years.

At number 65th of QLD’s most discounted properties, Norman Gardens is in the bottom 30% of the state/territory when listing in order of most discounted to least.

In the last year 23 properties changed hands in Norman Gardens, which puts it as the 281th most active market in QLD when comparing the number of sales per suburb.

Property investors should expect to get $280 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$410,000 $230,000
3.80% 4.55%
7.89% -10.68%
-0.76% -3.34%
$400 $280
210 23
5.07% 6.33%
67.3450704225352 111.5

Source: Monthly data update for Jul 2021 as supplied by CoreLogic. Data is reported to the period ending Apr 2021. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (U), Good (H)
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Demographics
Total population 8430
Median household income ($/weekly) 1448
Median age of persons 34
Median housing loan repayment ($/monthly) 1800
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 1179 14.0
    25-34 years 1205 14.3
    35-44 years 1155 13.7
    45-54 years 1155 13.7
    55-64 years 870 10.3
    Others 2867 34.0
    Age Group
    Census Count Percent(%)
    Registered Married 2988 51.9
    Not Married 2176 37.8
    Defacto Relationship 598 10.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 6846 86.8
    Indonesia 101 1.3
    Papua New Guinea 127 1.6
    United Kingdom 125 1.6
    Other 272 3.4
    Others 415 5.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 96 1.3
    Christianity 5948 77.7
    Hinduism 104 1.4
    Islam 78 1.0
    No Religion 1389 18.1
    Others 45 0.6
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 235 9.2
    $800-$999 215 8.4
    $1,500-$1,999 386 15.1
    $2,000-$2,499 313 12.3
    $2,500-$2,999 223 8.7
    Others 1180 46.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2837 45.8
    Not in the labour force 1813 29.3
    Employed, worked part-time 1119 18.1
    Employed, away from work 251 4.1
    Unemployed, looking for work 175 2.8
    Person Characteristics
  • Census Count Percent(%)
    Professionals 809 19.2
    Technicians & trades workers 697 16.6
    Clerical & administrative workers 704 16.7
    Sales 438 10.4
    Labourers 415 9.9
    Others 1141 27.1
    Occupation
    Census Count Percent(%)
    Pre-school 85 4.4
    Infants/Primary 768 39.3
    Secondary 506 25.9
    Technical or Further Educational Institution 152 7.8
    University or other Tertiary Institutions 388 19.9
    Others 55 2.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6866 89.5
    Flat, unit or apartment 417 5.4
    Semi-detached, row or terrace house, townhouse 361 4.7
    Caravan, cabin, houseboat 25 0.3
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1073 37.6
    Rented 935 32.7
    Fully owned 839 29.4
    Other tenure type 9 0.3
    Tenure Type
Census 2011, ABS
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