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Norman Gardens, QLD 4701

Home » QLD Real Estate Data » Rockhampton Regional, QLD » Norman Gardens, QLD 4701

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Norman Gardens, QLD 4701 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

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Rent 

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Yield 

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Buy 

1BR

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Rent 

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Norman Gardens, QLD 4701”

  1. The total adult population (15 years or older) of Norman Gardens 4701 QLD is 8,379, with a median age of 37. Of those, 49.70% are married, 10.81% are divorced or separated, 34.26% are single and 5.25% are widowed.

    The average household size is 2.6 people per dwelling, and the median household monthly income is estimated to be $8,496. The median monthly mortgage repayment for households in this suburb is $1,625 which is 19.13% of their earnings.

    Source: ABS Census Data (2021)

  2. Nestled in the charming state of Queensland, the suburb of Norman Gardens, 4701 is reputed to be home to an estimated 4,555 households. As we proceed into Q3 of 2023, the local housing market displays promising signs, particularly for those inclined towards property investment.

    The typical price for houses in Norman Gardens is currently poised at $491,697 which, combined with a median weekly rent of $504, generates an indicative yield of 5.33%. Relative to the minimum market requirement, this yield is considerably attractive, particularly to investors with a keen focus on cash flow.

    Exhibiting a socio-economic score of 969 out of 1217, Norman Gardens demonstrates an impressive economic standing, reflecting the advantageous conditions prevalent in the area. A lower renter to owner ratio of 28% suggests a balanced market that isn’t overly saturated with rental properties, likely to appeal to long-term investors looking for stable returns and less competition.

    Adding to the suburb’s appeal is its noteworthy units to houses ratio. At just 8%, it denotes a property market not overloaded with units and apartments, thereby potentially offering less competition amongst property investors for tenants and maintaining higher rental yields.

    The affordability of houses in this suburb is evidenced by the Affordability Index, standing at an appealing 23 years. Given this falls below the standard 30-year mortgage, it signifies high affordability and likely financial comfort among the suburb’s residents.

    Supply metrics for Norman Gardens are equally promising. With a low stock on market Percentage of 0.44% and an inventory Level of 1.05 months, they point towards a strong market with limited supply, undoubtedly a favourable scenario for investors. The building approvals Ratio, at a low 0.15%, indicates a lovely tranquillity in the housing market.

    In terms of demand, Houses spend an average of 40 days on the market, and with vacancy rates standing at a considerably low 1.39%, it’s clear that the property market in this region enjoys a healthy demand. However, a buy search index of 3 does suggest moderate demand, indicating potential investors may want to keep an eye on market trends before making any definitive decisions.

    In summary, the suburb of Norman Gardens portrays an enticing possible investment locale. Keeping a vigilant eye on market developments, as well as using tools like the HtAG Analytics’ Relative Composite Score which taps into over 80 metrics, can provide a comprehensive understanding of the property market, empowering investors to make the most informed decisions.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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