Located in New South Wales within the The Hills Shire local government area, Norwest is a compact suburb (postcode 2153). It is home to about 4,688 residents, with a mix of young professionals and families and a median age of 37. Households earn a median income of $115K per year, with an average household size of 2.5 people. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, clerical & administrative. Employment in the area leans toward professional services and healthcare. The top ancestries reported are English, Australian, Chinese.
Median house prices in Norwest stand at $2.1 million, having jumped by 20.1% over the last twelve months. Units have a median price of $900,000 (-2.2% YoY). The current median weekly rent is $850. This gives a gross rental yield of approximately 2.1%. 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 1,315 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 2.1% (low yield). Property prices are above the state median ($2.1M/$1.5M), placing it in the premium segment. The price-to-income ratio of 18.7x is considered stretched. House prices have moved +20.1% year-on-year.