2. VIC
  3. Greater Geelong

Houses Units

Here you can find what you need to know about Norlane, VIC, including house prices in the area, median values, annual growth, recent sale prices, maps, a suburb profile and much more.

Suburb Insights
for Houses in last 12 months

At a Glance

$453K Median Sale Price (National Average $485k) 653rd In VIC
0.56% Median Sale Price Change (1yr) (National Average 4.30%) 343rd In VIC
$370pw Median Rent (National Average $395) 595th In VIC
4.2% Median Gross Yield (National Average 4.24%) 114th In VIC
Properties sold 129
Average discounting -5.25%
Average Days on Market 59
Stock on Market 77 for sale

Investment Strategy Scores

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How we calculate the suburb Cash Flow Score

The suburb Cash Flow Score is simply the average of all the individual Cash Flow Scores for each property in that suburb.

A higher score indicates the suburb is more likely to contain properties that deliver an above average gross yield.

Norlane, VIC National
Median
Gross Yield

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Capital Growth Score

The suburb Capital Growth Score is simply the average of all the individual Capital Growth Scores for each property in that suburb.

A higher score indicates the suburb has recently experienced significant capital growth and the short term outlook for further growth is likely to be good given strong market health indicators.

Norlane, VIC National
Change in Median
Price (1 yr)
Average Days
on Market
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Lower Risk Score

The suburb Lower Risk Score is simply the average of all the individual Lower Risk Scores for each property in that suburb.

A higher score indicates the suburb has increased in value over a longer period so is less likely to only be due to recent market forces. It is also likely to contain properties that command higher rent than average and therefore attract higher income tenants. Furthermore, properties in this suburb are likely to be easier to sell in the future due to strong market health indicators.

Norlane, VIC National
Average Days
on Market
Change in Median Price
(5 yr)
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.

Development Permits for Houses

Building permits are provided for council approved development applications. Where the available permits contain the type of development, date of submission, the date of approval, estimated build cost, estimated development area, builder and materials listed.

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Property Prices in Norlane


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State Auction Clearance Rates


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Local Schools


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Suburb Information

Norlane, VIC 3214

Part of: Greater Geelong Council No data available

The size of Norlane is approximately 5 square kilometres. It has 10 parks covering nearly 8.5% of total area. The population of Norlane in 2011 was 8,011 people. By 2016 the population was 8,316 showing a population growth of 3.8% in the area during that time. The predominant age group in Norlane is 20-29 years. Households in Norlane are primarily single parents and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Norlane work in a labourer occupation. In 2011, 48.4% of the homes in Norlane were owner-occupied compared with 43.4% in 2016. (source: Australian Bureau of Statistics)

View all properties for sale in Norlane

Demographic data provided
by Australian Bureau of Statistics

Market Trends for Norlane   for Houses in last 12 months


There have been 129 Houses sold in Norlane in the past 12 months with a median sale price of $453K, up 0.6% annually. It takes on average 42 days to sell with vendor discounting of -5.3%.

Others also viewed

Suburb Median Sale Price Change (1yr) Median Sale Price Median Rent Median Gross Yield
Corio VIC, 3214 -1.87% $485,000 $400pw 4.3% View Suburb Profile
North Shore VIC, 3214 Unavailable Unavailable Unavailable Unavailable View Suburb Profile
Norman Gardens QLD, 4701 11.20% $553,775 $570pw 5.3% View Suburb Profile
Whittington VIC, 3219 3% $515,000 $433pw 4.4% View Suburb Profile
Lara VIC, 3212 -2.14% $685,000 $550pw 4.2% View Suburb Profile
Riverton SA, 5412 -6.15% $305,000 Unavailable Unavailable View Suburb Profile

Currency

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