NORLANE 3214
State: VICPosiProp AI Investment Summary
NORLANE (VIC 3214) offers a compelling profile for property investors. The suburb currently holds an average rental yield of 3.9% and has experienced a 12-month capital growth of Up 17.3%, with a median house buy price of $550,000. This combination provides a balanced growth-and-yield potential for investment portfolios in Australia.
Market Yield & Price Indices
$500,000
$560,000
$625,000
$550,000
Suburb Market Profile
Last month Norlane had 67 properties available for rent and 55 properties for sale. Median property prices over the last year range from $550,000 for houses to $436,000 for units. If you are looking for an investment property, consider houses in Norlane rent out for $420 PW with an annual rental yield of 3.9% and units rent for $410 PW with a rental yield of 4.3%. Norlane has seen an annual compound growth rate of 17.3% for houses and -0.3% for units.
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