Norman Park is a mid-sized suburb in Queensland within the Brisbane local government area (postcode 4170). With a population of 6,842, the suburb has a mix of young professionals and families with a median age of 35. Households earn a median income of $150K per year, with an average household size of 2.6 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Norman Park is $1.5 million, having risen modestly 1.1% over the past year. Units have a median price of $763,000 (+17.9% YoY). The current median weekly rent is $750. This gives a gross rental yield of approximately 2.6%. The median monthly mortgage repayment is $2,600.
Norman Park is served by 1 school, including 1 primary. The average ICSEA score is 1119, which is well above the national average of 1,000. Public transport access includes 1 rail station, 26 bus stops. The crime rate in the Brisbane LGA is moderate at 6,244 incidents per 100,000 population.
From an investment perspective, Norman Park offers a gross rental yield of 2.6%, rated as low yield. Property prices are above the state median ($1.5M/$1.1M), placing it in the premium segment. The price-to-income ratio of 10.0x is considered stretched. House prices have moved +1.1% year-on-year.
Norman Park is a mid-sized suburb in Queensland within the Brisbane local government area (postcode 4170). With a population of 6,842, the suburb has a mix of young professionals and families with a median age of 35. Households earn a median income of $150K per year, with an average household size of 2.6 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Norman Park is $1.5 million, having risen modestly 1.1% over the past year. Units have a median price of $763,000 (+17.9% YoY). The current median weekly rent is $750. This gives a gross rental yield of approximately 2.6%. The median monthly mortgage repayment is $2,600.
Norman Park is served by 1 school, including 1 primary. The average ICSEA score is 1119, which is well above the national average of 1,000. Public transport access includes 1 rail station, 26 bus stops. The crime rate in the Brisbane LGA is moderate at 6,244 incidents per 100,000 population.
From an investment perspective, Norman Park offers a gross rental yield of 2.6%, rated as low yield. Property prices are above the state median ($1.5M/$1.1M), placing it in the premium segment. The price-to-income ratio of 10.0x is considered stretched. House prices have moved +1.1% year-on-year.