Suburb Profile

Suburb profile for,

Norwood, TAS

Located in the dynamic state of TAS (postcode 7250), NORWOOD is a vibrant real estate market. This suburb holds a median house price of $667,500 and has demonstrated an average buying growth of Up 21.6%. Last month, 19 houses were available, with 38 transactions completed in the past year. Properties spend around 17 days on the market, reflecting the area's demand with 748 interested buyers. The average rental yield stands at 4.5%, with a weekly median rent of $430 per week and an average rent growth of Up 2.1%. Rental properties usually stay on the market for 14 days. The population in 2016 was 3757, which changed by -1.00% in the past five years. The median weekly household income is $1,243, reflecting an income change of +12.29% over the past five years. Residents have a median age of 47 years, and the suburb has an average annual growth for houses of +14.36%. To fully take advantage of NORWOOD's prosperous real estate market and substantial buyer interest, rely on Handle Properties. As the best buyers agent in NORWOOD, Handle provides end-to-end property investment services, backed by data and experts.

SUBURB DATA

Quantitative data for,

Norwood, TAS

The quantitative data below has been compiled on 30th May 2023 from a range of third party sources using a variety of manual methods. Handle does not guarantee the accuracy of this data shown below.
State
TAS
Suburb
NORWOOD
Postcode
7250
Median price for all dwellings
$667,500
Last 12 months growth return
Up 21.6%
Avg. dwellings for sale in the suburb every month
19
Avg. dwellings sold in the suburb in previous 12 months
38
Avg days on market for a dwelling listing to sell
17 days
Avg. number of people searching in this suburb every month
748
Avg. rental yield per annum
4.50%
Weekly median rent for all dwellings
$430 per week
Median price for all houses
$667,500
Avg. rental yield growth in the previous 12 months
4.50%
Avg. days for a rental listing to find a tennant
14 days
Total suburb population in 2016
3757
Total suburb population change in 5 years up to 2016
-1.00%
Avg. household income per week
$1,243
Median age of the population in the suburb
47
Historic avg annual growth return per annum in the suburb
14.36%

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