Norton Summit is a small community in South Australia within the Adelaide Hills local government area (postcode 5136). With a population of 548, the suburb has an established demographic with a median age of 41. Households earn a median income of $120K per year, with an average household size of 2.8 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are Australian, English, Italian.
The median house price in Norton Summit is $1.5 million, having grown strongly 5.8% over the past year. The current median weekly rent is $590. This gives a gross rental yield of approximately 2.0%. The median monthly mortgage repayment is $2,167.
Norton Summit is served by 1 school, including 1 primary. The average ICSEA score is 1098, which is above the national average of 1,000. The crime rate in the Adelaide Hills LGA is low at 1,095 incidents per 100,000 population.
From an investment perspective, Norton Summit offers a gross rental yield of 2.0%, rated as low yield. Property prices are above the state median ($1.5M/$950K), placing it in the premium segment. The price-to-income ratio of 12.5x is considered stretched. House prices have moved +5.8% year-on-year.
Norton Summit is a small community in South Australia within the Adelaide Hills local government area (postcode 5136). With a population of 548, the suburb has an established demographic with a median age of 41. Households earn a median income of $120K per year, with an average household size of 2.8 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are Australian, English, Italian.
The median house price in Norton Summit is $1.5 million, having grown strongly 5.8% over the past year. The current median weekly rent is $590. This gives a gross rental yield of approximately 2.0%. The median monthly mortgage repayment is $2,167.
Norton Summit is served by 1 school, including 1 primary. The average ICSEA score is 1098, which is above the national average of 1,000. The crime rate in the Adelaide Hills LGA is low at 1,095 incidents per 100,000 population.
From an investment perspective, Norton Summit offers a gross rental yield of 2.0%, rated as low yield. Property prices are above the state median ($1.5M/$950K), placing it in the premium segment. The price-to-income ratio of 12.5x is considered stretched. House prices have moved +5.8% year-on-year.