Thinking about buying in Norwell? Now could not be a better time, with just 159 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $795,000 with prices in this suburb ranging from $603,000 to $941,000. Norwell is located fairly close to the coast at just 1Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.
Median Weekly Rent | $477.50 |
Median Monthly Mortgage | $2115.50 |
Median Persons Per Bedroom | 0.85 |
Average Household Size | 3.50 |
Average Age | 31.50 |
Average Income | $960.50 |
Average Cars Per Dwelling | 2.13 |
Average Properties Within 50M | 1 |
2 Bed  $660,000 |
4 Bed  $857,000 |
5 Bed  $810,000 |
Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Norwell due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The slightly lower than average earnings from occupations in Norwell changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Medium density in Norwell necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.
475 NORWELL RD, NORWELL, QLD, 4208 | 5 | 3 | 2 | Offers over $1,295,000 |
Ormeau Woods State High School
Mother Teresa Primary School
Lutheran Ormeau Rivers District School
Ormeau State School
Livingstone Christian College
Woongoolba State School
(While the above schools are located with the suburb of Norwell there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
---|---|---|---|---|---|---|---|
Nov | 1.4 | 19.2 | 27.4 | 54.3 | 89.0 | 5.4 | 27.5 |
Dec | 5.6 | 20.9 | 28.4 | 60.5 | 91.9 | 5.5 | 25.3 |
Jan | 5 | 22.0 | 29.2 | 61.1 | 90.6 | 6.1 | 24.6 |
Feb | 8.3 | 21.7 | 29.0 | 63.2 | 90.9 | 6.3 | 21.9 |
Mar | 7.5 | 21.0 | 28.2 | 61.2 | 90.6 | 6.2 | 18.2 |
Apr | 4.3 | 18.2 | 26.4 | 56.5 | 90.6 | 5.5 | 16.7 |
May | 2.1 | 15.0 | 23.5 | 53.8 | 87.4 | 4.7 | 13.8 |
Jun | 2.7 | 12.9 | 21.5 | 52.1 | 87.8 | 4.7 | 11.9 |
Jul | 2.2 | 12.1 | 21.3 | 48.5 | 88.0 | 4.7 | 13.2 |
Aug | 0.5 | 12.2 | 22.9 | 40.2 | 86.1 | 4.4 | 16.4 |
Sept | 0.9 | 14.8 | 24.6 | 45.3 | 85.5 | 5.0 | 21.1 |
Oct | 1.8 | 17.1 | 25.7 | 56.7 | 92.2 | 5.9 | 22.4 |
source: Australian Government Bureau of Meteorology
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