Norwood is a mid-sized suburb in South Australia within the Norwood Payneham and St Peters local government area (postcode 5067). With a population of 6,354, the suburb has an established demographic with a median age of 40. Households earn a median income of $91K per year, with an average household size of 2 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Norwood is $1.7 million, having grown strongly 6.5% over the past year. Units have a median price of $795,000 (+16.7% YoY). The current median weekly rent is $630. This gives a gross rental yield of approximately 1.9%. The median monthly mortgage repayment is $2,000.
Norwood is served by 2 schools, including 2 primary. The average ICSEA score is 1128, which is well above the national average of 1,000. Public transport access includes 29 bus stops. The crime rate in the Norwood Payneham and St Peters LGA is higher than average at 8,609 incidents per 100,000 population.
From an investment perspective, Norwood offers a gross rental yield of 1.9%, rated as low yield. Property prices are above the state median ($1.7M/$950K), placing it in the premium segment. The price-to-income ratio of 18.9x is considered stretched. House prices have moved +6.5% year-on-year.
Norwood is a mid-sized suburb in South Australia within the Norwood Payneham and St Peters local government area (postcode 5067). With a population of 6,354, the suburb has an established demographic with a median age of 40. Households earn a median income of $91K per year, with an average household size of 2 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Norwood is $1.7 million, having grown strongly 6.5% over the past year. Units have a median price of $795,000 (+16.7% YoY). The current median weekly rent is $630. This gives a gross rental yield of approximately 1.9%. The median monthly mortgage repayment is $2,000.
Norwood is served by 2 schools, including 2 primary. The average ICSEA score is 1128, which is well above the national average of 1,000. Public transport access includes 29 bus stops. The crime rate in the Norwood Payneham and St Peters LGA is higher than average at 8,609 incidents per 100,000 population.
From an investment perspective, Norwood offers a gross rental yield of 1.9%, rated as low yield. Property prices are above the state median ($1.7M/$950K), placing it in the premium segment. The price-to-income ratio of 18.9x is considered stretched. House prices have moved +6.5% year-on-year.