Norman Park (postcode 4170) is a medium-sized suburb in Queensland within the Brisbane local government area. The area has roughly 6,842 residents and a blend of families and working-age professionals, with a median age of 35. Households earn a median income of $150K per year, with an average household size of 2.6 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.6% 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, managers, clerical & administrative. Employment in the area leans toward healthcare and professional services. The top ancestries reported are English, Australian, Irish.
The median house price in Norman Park is $1.5 million, having risen modestly by 1.1% over the past year. Units have a median price of $763,000 (+17.9% YoY). The current median weekly rent is $745. 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 6,340 incidents per 100,000 population.
Looking at the investment signals, Norman Park shows a gross rental yield of approximately 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. Population growth of +1.6% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.