Norwest is a smaller suburb in New South Wales within the The Hills Shire local government area (postcode 2153). With a population of 4,688, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $115K per year, with an average household size of 2.5 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Chinese.
The median house price in Norwest is $1.5 million, having dropped significantly 29.9% over the past year. Units have a median price of $900,000 (-2.2% YoY). The current median weekly rent is $790. This gives a gross rental yield of approximately 2.8%. The median monthly mortgage repayment is $2,823.
Public transport access includes 1 rail station, 30 bus stops. Healthcare facilities include 1 private hospital. The crime rate in the The Hills Shire LGA is low at 1,321 incidents per 100,000 population.
From an investment perspective, Norwest offers a gross rental yield of 2.8%, rated as low yield. Property prices are near the state median ($1.5M/$1.5M). The price-to-income ratio of 12.9x is considered stretched. House prices have moved -29.9% year-on-year.
Norwest is a smaller suburb in New South Wales within the The Hills Shire local government area (postcode 2153). With a population of 4,688, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $115K per year, with an average household size of 2.5 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Chinese.
The median house price in Norwest is $1.5 million, having dropped significantly 29.9% over the past year. Units have a median price of $900,000 (-2.2% YoY). The current median weekly rent is $790. This gives a gross rental yield of approximately 2.8%. The median monthly mortgage repayment is $2,823.
Public transport access includes 1 rail station, 30 bus stops. Healthcare facilities include 1 private hospital. The crime rate in the The Hills Shire LGA is low at 1,321 incidents per 100,000 population.
From an investment perspective, Norwest offers a gross rental yield of 2.8%, rated as low yield. Property prices are near the state median ($1.5M/$1.5M). The price-to-income ratio of 12.9x is considered stretched. House prices have moved -29.9% year-on-year.