If you compare the increase in value of investment property in Noranda, 6062 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this WA suburb was -7.27%.
While Noranda,6062 ranked number 366th in WA for increase in median house value (annualised) increase, it is ranked 311th over the last 5 years.
Vendor discounting in Noranda is giving property investors an average Vendor Discount of around -8.50%. This puts suburb at number 159th in WA when ranking the most discounted suburbs.
Often selling an investment property can take time, and in Noranda the average time real estate has been on the market is 90.4211 days.
Situated 9.44km from the CBD, Noranda is one of Bayswater (C) localities in the postcode 6062.
Noranda, 6062 ranked 79th 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
Across a shorter period, Noranda, 6062 has seen a median price increase of -5.24% over the last quarter.
Residents and property investors in Noranda have been waiting around 74.1 days to sell a property.
The WA suburb of Noranda, 6062 is in the Bayswater (C) local government area.