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Norah Head Suburb Insights
VICLocation Information
Suburb Name
Norah Head, VIC
Distance from CBD
16.7 kmDemographics
Population
1,129
Median Income
$37,180
Area Information
Area
4.25 km²
Population Density
266 people/km²
Property Market
Median Price
$833,557
Annual Growth
+10.2%Property Price Trend Analysis
Current Median Price
$833,557
Annual Growth
+10.2%
Quarterly Growth
+4.6%
Price Trends - Last 6 Months
2024-01
$576,221
+4.6%2024-02
$641,084
+7.1%2024-03
$726,072
+5.2%2024-04
$890,471
+8.3%2024-05
$981,304
+10.3%2024-06
$1,163,418
+10.7%Property Type Price Analysis
House
Median Price
$1,798,129
Growth Rate
+10.4%Available Listings
107 properties
Apartment
Median Price
$401,087
Growth Rate
+17.3%Available Listings
750 properties
Townhouse
Median Price
$518,594
Growth Rate
+11%Available Listings
72 properties
Investment Potential Assessment
Investment Advantages
- Annual growth exceeds 8% - excellent performance
- Strong quarterly growth momentum
- Diverse property types available
Considerations
- Rising prices may affect affordability
- Monitor interest rate changes
- Consider long-term investment strategy