Norman Gardens (postcode 4701) is a settled mid-to-large suburb in Queensland within the Rockhampton local government area. It is home to about 10,534 residents, with a blend of families and working-age professionals and a median age of 37. Households earn a median income of $92K per year, with an average household size of 2.6 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.7% year-on-year at the LGA level. QLD employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. QLD also had 32 Commonwealth-backed major projects under construction, 12 underway, and 50 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, community & personal service, technicians & trades. Employment in the area leans toward healthcare and education. The top ancestries reported are Australian, English, Irish.
Median house prices in Norman Gardens stand at $550,000, having jumped by 12.2% over the last twelve months. Units have a median price of $349,000 (+17.7% YoY). The current median weekly rent is $585. This gives a gross rental yield of approximately 5.5%. 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 11,636 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 5.5% (high yield). Property prices sit below the state median ($550K/$1.1M), which can point to relative value. The price-to-income ratio of 6.0x is considered affordable. House prices have moved +12.2% year-on-year. Population growth of +0.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.