Median values are calculated based on data over a 12 month period.
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Market Report
Norwood has 63 houses available for sale. The median property price for a house is currently 1,325,000 with annual capital growth of 6.00 . There were 56 house sales in the past 12 months. On average, houses spend 59 days on market.
If you're thinking about buying an investment property in Norwood, consider that rental yields for houses are currently 2.57 with an average median rent of 670 weekly. Houses have seen -7.67 growth in the past quarter, and 6.00 growth in the past 12 months.
The size of Norwood is approximately 2.2 square kilometres. It has 10 parks covering nearly 1.8% of total area. The population of Norwood in 2011 was 5,802 people. By 2016 the population was 5,982 showing a population growth of 3.1% in the area during that time. The predominant age group in Norwood is 20-29 years.
Households in Norwood are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Norwood work in a professional occupation. In 2011, 49.8% of the homes in Norwood were owner-occupied compared with 50% in 2016.
Norwood has 60 units available for sale. The median property price for a unit is currently 765,000 with annual capital growth of 9.21 . There were 82 unit sales in the past 12 months. On average, units spend 34 days on market.
If you're thinking about buying an investment property in Norwood, consider that rental yields for units are currently 4.44 with an average median rent of 600 weekly. Units have seen 2.89 growth in the past quarter, and 9.21 growth in the past 12 months.
The size of Norwood is approximately 2.2 square kilometres. It has 10 parks covering nearly 1.8% of total area. The population of Norwood in 2011 was 5,802 people. By 2016 the population was 5,982 showing a population growth of 3.1% in the area during that time. The predominant age group in Norwood is 20-29 years.
Households in Norwood are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Norwood work in a professional occupation. In 2011, 49.8% of the homes in Norwood were owner-occupied compared with 50% in 2016.
Looking to invest or refinance? Compare investor loans or SMSF loans
| Key Market Data | House | Unit |
| Median price | 1,325,000 | 765,000 |
| Quarterly growth | -7.67 | +2.89 |
| 12-month growth | +6.00 | +9.21 |
| Average annual growth | +9.74 | +5.24 |
| Weekly median rent | 670 | 600 |
| Gross rental yield | 2.57 | 4.44 |
| Number of Sales (12m) | 56 | 82 |
| Avg. Days on Market (12m) | 59 | 34 |
| Key Demographics | 2011 | 2016 |
| Total population | 5,802 | 5,982 |
| Population change (5y) | +1.72 | +3.10 |
| Median household income (p/w) | 1,330 | 1,491 |
| Household income change (5y) | +22.02 | +12.11 |
| Median age of persons | 38 | 39 |
Demographic Trends
Better understand demographic trends by reviewing the latest suburb demographic data below.
The population of Norwood was 5,982 in 2016, a +3.10 change compared to 2011.
The predominant age group in Norwood is 20-29 years.
The population of Norwood was 5,982 in 2016, a +3.10 change compared to 2011.
The predominant age group in Norwood is 20-29 years.
Most of the population in Norwood were born in Australia.
Most of the population in Norwood were born in Australia.
Most of the population in Norwood report their religion as No Religion.
Most of the population in Norwood report their religion as No Religion.
Most of the population in Norwood report their income range as between 78,000 and 130,000 .
The median household income in Norwood was 1,491 in 2016, a +12.11 change compared to 2011.
Most of the population in Norwood report their income range as between 78,000 and 130,000 .
The median household income in Norwood was 1,330 in 2011, a +22.02 change compared to 2006.
Most of the population in Norwood work as Professional.
Most of the population in Norwood work as Professional.
The chart below demonstrates the various levels of education in Norwood.
The chart below demonstrates the various levels of education in Norwood.
Most of the population in Norwood reached a qualification level of Bachelor.
Most of the population in Norwood reached a qualification level of Bachelor.
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Suburb borders rendered using geocodes provided by Openstreetmap.
