Noranda is an average performer in WA when comparing median price capital growth over the last year. Noranda gave property investors a average capital gain figure when compared to the rest of the state, with -3.48%.
Taking the average capital gain, or increase in median house value, Noranda,6062 has racked up an average of -3.48% over the period. This ranks it number 3815th in the whole country for real estate investors looking at median house price increases.
Our latest figures would indicate that property sellers in Noranda are currently offering property investors an average price cut of -7.46% below the asking price at the moment.
On average over the past year, suburb has had 6.17 sales per month, which equates to 74 per year.
A $400 per week rent on the median house gives suburb investors a gross yield of circa 3.75%, without taking into account capital value appreciation, which has been averaging out at 0.56%.
Noranda, 6062 ranked 87th in WA when comparing growth in median property values or capital gain over the last 12 months. Noranda is one of 1662 in our list for WA
When looking at the potential capital gains offered to property investors over the last 3 years, Noranda comes in at number 98th in WA.
Our latest figures would indicate that property sellers in Noranda are currently offering property investors an average price cut of -12.14% below the asking price at the moment.
On average over the past year, suburb has had 1.25 sales per month, which equates to 15 per year.
Noranda is 26th on a list of best yielding suburbs for rents in WA with a 5.20% return