WA has seen average median house prices change by 12.86% which means that Norseman, 6443 has done well for property investors by showing a capital gain of 0.00% over the last year
Comparing Norseman,6443 ‘s 5year and quarterly average capital gain offered to property investors, it performed the same across the longer period
The most recent median price for Norseman is $37750, with sellers offering an average of 0.00% off the asking price.
Property investors should expect to get $0 weekly from the median priced house in this suburb.
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The suburb of Norseman is situated in the last Western Australian town before the border of South Australia. In the past couple of years, house prices have fallen considerably to reach a median value of less than $100,000.
It is primarily supported by the mining and tourism industries. While the mining downturn could account for Norseman’s decline, tourists may help keep the suburb afloat. Popular sites include the Beacon Hill Lookout, Woodlands Walk and Mount Jimberlana.
Nonetheless, residents still have the convenience of a local high school, a shopping district, a hospital and a business area, which could help reinvigorate the suburb’s appeal. Although Perth is a considerable distance away, buses run through the suburb all the way to the capital.