Norman Gardens is a well-established suburb in Queensland within the Rockhampton local government area (postcode 4701). With a population of 10,534, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $92K per year, with an average household size of 2.6 people. The most common occupations are professionals, community & personal service, technicians & trades. The top ancestries reported are Australian, English, Irish.
The median house price in Norman Gardens is $550,000, having surged 12.2% over the past year. Units have a median price of $349,000 (+17.7% YoY). The current median weekly rent is $550. This gives a gross rental yield of approximately 5.2%. The median monthly mortgage repayment is $1,625.
Norman Gardens is served by 1 school, including 1 combined. The average ICSEA score is 984, which is around the national average of 1,000. The crime rate in the Rockhampton LGA is higher than average at 11,689 incidents per 100,000 population.
From an investment perspective, Norman Gardens offers a gross rental yield of 5.2%, rated as high yield. Property prices sit below the state median ($550K/$1.1M), suggesting a potential value opportunity. The price-to-income ratio of 6.0x is considered affordable. House prices have moved +12.2% year-on-year.
Norman Gardens is a well-established suburb in Queensland within the Rockhampton local government area (postcode 4701). With a population of 10,534, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $92K per year, with an average household size of 2.6 people. The most common occupations are professionals, community & personal service, technicians & trades. The top ancestries reported are Australian, English, Irish.
The median house price in Norman Gardens is $550,000, having surged 12.2% over the past year. Units have a median price of $349,000 (+17.7% YoY). The current median weekly rent is $550. This gives a gross rental yield of approximately 5.2%. The median monthly mortgage repayment is $1,625.
Norman Gardens is served by 1 school, including 1 combined. The average ICSEA score is 984, which is around the national average of 1,000. The crime rate in the Rockhampton LGA is higher than average at 11,689 incidents per 100,000 population.
From an investment perspective, Norman Gardens offers a gross rental yield of 5.2%, rated as high yield. Property prices sit below the state median ($550K/$1.1M), suggesting a potential value opportunity. The price-to-income ratio of 6.0x is considered affordable. House prices have moved +12.2% year-on-year.