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 4.0% and has experienced a 12-month capital growth of Up 10.7%, with a median house buy price of $500,000. This combination provides a balanced growth-and-yield potential for investment portfolios in Australia.
Market Yield & Price Indices
$461,000
$515,500
$624,000
$500,000
Suburb Market Profile
Last month Norlane had 51 properties available for rent and 46 properties for sale. Median property prices over the last year range from $500,000 for houses to $442,000 for units. If you are looking for an investment property, consider houses in Norlane rent out for $410 PW with an annual rental yield of 4.0% and units rent for $410 PW with a rental yield of 4.5%. Norlane has seen an annual compound growth rate of 10.7% for houses and 14.8% for units.