Norseman has had a A very good year for property investment returns compared to the rest of WA, giving investors a capital gain of 16.18% to date .
Taking the average capital gain, or increase in median house value, Norseman,6443 has racked up an average of 16.18% over the period. This ranks it number 1539th in the whole country for real estate investors looking at median house price increases.
State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.15% offered to property buyers. Sellers in Norseman itself are offering an average vendor discount of -19.43% to real estate investors.
Norseman is 1st on a list of best yielding suburbs for rents in WA with a 21.06% return
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.Full summary
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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.