NORANDA 6062
State: WAPosiProp AI Investment Summary
NORANDA (WA 6062) offers a compelling profile for property investors. The suburb currently holds an average rental yield of 3.8% and has experienced a 12-month capital growth of Up 15.1%, with a median house buy price of $1,070,000. This combination provides a balanced growth-and-yield potential for investment portfolios in Australia.
Market Yield & Price Indices
$618,760
$885,625
$1,100,000
$1,070,000
Suburb Market Profile
Last month Noranda had 8 properties available for rent and 22 properties for sale. Median property prices over the last year range from $1,070,000 for houses to $610,000 for units. If you are looking for an investment property, consider houses in Noranda rent out for $750 PW with an annual rental yield of 3.8% and units rent for $600 PW with a rental yield of 4.9%. Noranda has seen an annual compound growth rate of 15.1% for houses and 17.3% for units.