Norseman has had a quite poor year for property investment returns compared to the rest of WA, giving investors a capital gain of -8.62% to date .
A 55.65% growth in median value for property investors in Norseman,6443 puts this suburb at number 421th in terms of best performing suburbs in WA
Our latest figures would indicate that property sellers in Norseman are currently offering property investors an average price cut of -11.29% below the asking price at the moment.
Situated 558.50km from the CBD, Norseman is one of Dundas (S) localities in the postcode 6443.
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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.