Norwood, SA 5067: Suburb Profile & Property Report

Market Report

House report
Unit Report

In Norwood, the median property price for a house is currently $1,270,000 with annual capital growth of -5.93% . There were 58 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 2.58% with an average median rent of $658 weekly. Houses have seen 0.32% growth in the past quarter, and -5.93% 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.

In Norwood, the median property price for a unit is currently $660,000 with annual capital growth of -5.85% . There were 138 unit sales in the past 12 months. On average, units spend 33 days on market.

If you're thinking about buying an investment property in Norwood, consider that rental yields for units are currently 4.20% with an average median rent of $618 weekly. Units have seen -6.78% growth in the past quarter, and -5.85% growth in the past 12 months.

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Key Market Data	House	Unit
Median price	$1,270,000	$660,000
Quarterly growth	+0.32%	-6.78%
12-month growth	-5.93%	-5.85%
Average annual growth	+8.36%	+2.27%
Weekly median rent	$658	$618
Gross rental yield	2.58%	4.20%
Number of Sales (12m)	58	138
Avg. Days on Market (12m)	59	33

Jump to Market Trends

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

Jump to Demographics Trends

Market Trends

Houses

Units

The Median Sale Price in Norwood is $1,270,000 for houses and $660,000 for units.

The Median Growth in Norwood over the past 12 months is -5.93% for houses and -5.85% for units.

Over the past 12 months there were 58 houses sold and 138 units sold in Norwood. On average, houses spent 59 days on market and units spent 33 days on market.

In the past 12 months up to September 2024 there were 58 houses sold and 138 units sold in Norwood. On average, houses spent 59 days on market and units spent 33 days on market.

1 Year 5 Years 10 Years

Houses

Units

The Median Rent in Norwood is $658 for houses and $618 for units.

The Rental Yield in Norwood is 2.58% for houses and 4.20% for units.

1 Year 5 Years 10 Years

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Demographic Trends

Better understand demographic trends by reviewing the latest suburb demographic data below.

Age groups Country of Birth Religious Affiliation Household Income Occupations Education Level Qualification Level

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 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.

The chart below demonstrates the various levels of education in Norwood.

Most of the population in Norwood reached a qualification level of Bachelor.

2011 2016

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