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Noranda is a suburb in City of Bayswater, Australia with 7979 residents. The median house price is $760K with a rental yield of 4.2%. Our analysis rates Noranda with a suburb score of 55/100 for investment timing.
Property prices in this suburb are rising and capital growth momentum is positive. While the early buying opportunity has passed, the market continues to show strength. Monitor price growth trends and vendor discounting to time your investment.
55
out of 100
Suburb Score
11
investors
High Recent Price Growth
High Rental Yield
Low Vacancy Rate
Buying Window: Strong investment potential with prices forecast to outperform the market average over 1-3 years. Key indicators signal favorable conditions for capital growth.
Upswing: Prices are rising and capital growth momentum is positive. While the early buying opportunity has passed, the market continues to show strength.
Consolidating: Prices may grow below average in the short term. Rental growth could also slow during this phase. Consider monitoring market indicators before investing.
Peak: Price growth is expected to slow down. Capital growth forecasts suggest this may not be the optimal time to invest. Consider waiting for better conditions.
Thorough research about a suburb is crucial to grasp the 'why' behind an investment. However, no suburb stands alone—always assess it in relation to its surroundings. Tracking each data point over time is vital. But above all, it's crucial to comprehend why each data point matters and how it influences both short-term and long-term capital growth.
Current Sales Prices By Suburb - Median - Last 90 Days Rolling - Houses Only [AUD]
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What is this: The median sale price of properties sold in the suburb over a rolling 90-day period. This reflects the actual transacted value of properties rather than asking prices.
Investment tip: Understanding current sold prices helps identify undervalued suburbs compared to neighboring areas. Look for suburbs with lower median prices that share similar amenities with higher-priced neighbors - these often represent growth opportunities.
Sold Price
Asking Price
Picki displays every property available for sale in Australia — all in the one place. We do not include sub-division, house and land packages, or individual lots/land that is for sale.
Suburb | Sold Price | Recent Growth | Yield | Vacancy Rate | Days of Supply | Owner Occupier | Vendor Disc. |
|---|
Noranda has a suburb score of 55/100 for investment timing, placing it in the moderate investment category within City of Bayswater. The suburb shows balanced fundamentals for property investment, with reasonable growth potential and stable rental returns. Investors seeking a mix of capital growth and rental yield may find Noranda suitable for their portfolio.
Noranda's capital growth outlook is moderate based on current market indicators. Noranda shows stable growth fundamentals with some variation across different property types. Investors should consider factors like proximity to amenities, school catchments, and infrastructure developments when assessing individual property growth potential.
Noranda is located within City of Bayswater Local Government Area in Australia. City of Bayswater encompasses multiple suburbs, each with their own property market characteristics. Understanding the broader LGA trends can help investors identify whether Noranda is outperforming or underperforming relative to neighboring suburbs.
The current median house price in Noranda is $760K based on recent sales data. This median price positions Noranda as a mid-market suburb in City of Bayswater, balancing accessibility for investors with capital growth potential.
Noranda has an average rental yield of 4.2%, which is around the national average for Australian property. This balanced yield suggests Noranda offers a reasonable income return while still providing capital growth potential typical of established suburbs in Australia.
Noranda has a population of approximately 7979 residents. Population size and growth are important factors for property investment as they influence housing demand, rental markets, and local amenity development. Noranda is a medium-sized suburb with a balanced community feel and access to local services.
Noranda's suburb score of 55/100 can be compared against other suburbs in City of Bayswater to identify relative investment value. With a score between 50-80, Noranda sits in the middle tier of City of Bayswater suburbs. Some neighboring suburbs may offer better timing opportunities while others may be less favorable. Compare all suburbs in City of Bayswater using our platform to find the best investment opportunities.
