Median Sale Price
House
$425K
Updated on Aug 2020
2 BR $350K | 3 BR $384K | 4 BR $458K |
Unit
$233K
Updated on Aug 2020
1 BR - | 2 BR $252K | 3 BR - |
Monthly Median Sale Price Market Trend
Sales Statistics (Houses)
| Year | Median | Growth | Low | High | # Sales |
|---|---|---|---|---|---|
| 2009 | $300,000 | 0.0% | $198,000 | $570,000 | 54 |
| 2010 | $322,000 | +6.8% | $227,000 | $630,000 | 57 |
| 2011 | $317,000 | -1.6% | $236,500 | $610,000 | 64 |
| 2012 | $318,000 | +0.3% | $195,000 | $603,000 | 58 |
| 2013 | $310,000 | -2.6% | $82,000 | $610,000 | 68 |
| 2014 | $309,000 | -0.3% | $180,000 | $610,000 | 53 |
| 2015 | $330,000 | +6.4% | $166,000 | $680,000 | 70 |
| 2016 | $308,000 | -7.1% | $215,000 | $770,000 | 68 |
| 2017 | $355,000 | +13.2% | $227,000 | $915,000 | 54 |
| 2018 | $362,000 | +1.9% | $240,000 | $670,000 | 73 |
| 2019 | $375,000 | +3.5% | $202,500 | $810,000 | 60 |
| 2020 | $435,000 | +13.8% | $277,500 | $1,020,000 | 46 |
Median Sale Price
$428K
Based on 59 recorded sales within the last 12 months
Updated on 30 Sep 2020
Suburb Growth
+14.7%
Current Median Price: $428,000
Previous Median Price: $365,000
Based on 128 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Aug 2020)
Price Range Segments (12 months ending Aug 2020)
Median Weekly Rent Price
House
$390
Updated on Aug 2020
2 BR $320 | 3 BR $395 | 4 BR $400 |
Unit
$288
Updated on Aug 2020
1 BR - | 2 BR $288 | 3 BR - |
Monthly Median Rent Price Market Trend
Rent Statistics (Houses)
| Year | Median | Growth | Low | High | # Rents |
|---|---|---|---|---|---|
| 2011 | - | - | - | - | - |
| 2012 | - | - | - | - | - |
| 2013 | $265 | 0.0% | $265 | $265 | 1 |
| 2014 | $315 | +15.9% | $250 | $420 | 15 |
| 2015 | $300 | -5.0% | $225 | $470 | 42 |
| 2016 | $310 | +3.2% | $210 | $500 | 23 |
| 2017 | $340 | +8.8% | $250 | $475 | 30 |
| 2018 | $350 | +2.9% | $260 | $590 | 28 |
| 2019 | $385 | +9.1% | $230 | $500 | 34 |
| 2020 | $410 | +6.1% | $310 | $580 | 24 |
Median Rent Price
$395
per week
Based on 29 recorded rent within the last 12 months
Updated on 30 Sep 2020
Rent Price Growth
+3.8%
Current Median Rent: $395
Previous Median Rent: $380
Based on 62 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+4.8%
Current Median Price: $428,000
Current Median rent: $395
Based on 88 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Aug 2020)
Auction Results For Norwood
Houses sold in Last 12 months ends 26 Sep 2020
$861K
Median Sale Price
100%
Clearance Rate
4/4
Sold/Reported
$861K
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| $800 K - $1 M (Median Price Range) | 1 | |
| $600 K - $800 K | 1 | |
Schools closest to Norwood, TAS 7250
| School name | Address | Type | Sector | Distance |
|---|---|---|---|---|
| Queechy High School | 161 PENQUITE ROADNorwood 7250 | Secondary | Government | 0.61 km |
| Norwood Primary School | NORWOOD AVENUENorwood 7250 | Primary | Government | 0.71 km |
| Punchbowl Primary School | 146 PUNCHBOWL ROADLAUNCESTON 7249 | Primary | Government | 1.26 km |
| Larmenier Catholic School | 38 STATION RDSt Leonards 7250 | Primary | Catholic | 1.38 km |
| Newstead Christian SchoolTop 20 | Newstead 7250 | Combined | Independent | 2.07 km |