2. TAS
  3. Launceston

Houses Units

Here you can find what you need to know about Norwood, TAS, 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

$590K Median Sale Price (National Average $485k) 96th In TAS
-1.26% Median Sale Price Change (1yr) (National Average 4.30%) 661st In TAS
$510pw Median Rent (National Average $395) 41st In TAS
4.5% Median Gross Yield (National Average 4.24%) 45th In TAS
Properties sold 63
Average discounting -6.91%
Average Days on Market 51
Stock on Market 27 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.

Norwood, TAS 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.

Norwood, TAS 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.

Norwood, TAS 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.

Property Prices in Norwood


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State Auction Clearance Rates


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Local Schools


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Suburb Information

Norwood, TAS 7250

Part of: Launceston Council No data available

The size of Norwood is approximately 3.7 square kilometres. It has 10 parks covering nearly 6% of total area. The population of Norwood in 2011 was 3,794 people. By 2016 the population was 3,757 showing a population decline of 1.0% in the area during that time. The predominant age group in Norwood is 60-69 years. Households in Norwood are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Norwood work in a professional occupation. In 2011, 78.5% of the homes in Norwood were owner-occupied compared with 77.2% in 2016. (source: Australian Bureau of Statistics)

View all properties for sale in Norwood

Demographic data provided
by Australian Bureau of Statistics

Market Trends for Norwood   for Houses in last 12 months


There have been 63 Houses sold in Norwood in the past 12 months with a median sale price of $590K, down 1.3% annually. It takes on average 35 days to sell with vendor discounting of -6.9%.

Others also viewed

Suburb Median Sale Price Change (1yr) Median Sale Price Median Rent Median Gross Yield
Notting Hill VIC, 3168 1.36% $1,121,000 $550pw 2.5% View Suburb Profile
Newstead TAS, 7250 0.52% $730,000 $523pw 3.7% View Suburb Profile
Norwood SA, 5067 -8.42% $1,250,000 $655pw 2.7% View Suburb Profile
Evanston SA, 5116 18.39% $492,500 $460pw 4.9% View Suburb Profile
Nowra NSW, 2541 Unavailable $650,000 $510pw 4.1% View Suburb Profile
Cardiff Heights NSW, 2285 30.72% $1,042,500 $550pw 2.7% View Suburb Profile

Currency

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