Noranda is a moderately sized suburb in Western Australia within the Bayswater local government area (postcode 6062). The area has roughly 8,002 residents and a mature demographic, with a median age of 45. Households earn a median income of $85K 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 +1.5% year-on-year at the LGA level. WA employment has moved +2.4% year-on-year in the official ABS Labour Force trend series, which provides the broader jobs backdrop for this suburb. WA also had 24 Commonwealth-backed major projects under construction, 12 underway, and 12 in planning as at 2025-09-01, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, clerical & administrative, technicians & trades. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Italian.
Noranda has a median house price of $1.1 million, which has risen steeply by 22.3% year-on-year. Units have a median price of $460,000 (+24.7% YoY). The current median weekly rent is $660. This gives a gross rental yield of approximately 3.0%. The median monthly mortgage repayment is $1,907.
Noranda is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 1016, which is around the national average of 1,000. Public transport access includes 40 bus stops.
Looking at the investment signals, Noranda shows a gross rental yield of approximately 3.0%, rated as moderate yield. Property prices are near the state median ($1.1M/$1.0M). The price-to-income ratio of 13.4x is considered stretched. House prices have moved +22.3% year-on-year. Population growth of +1.5% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.