Search

Norlane

The Norlane property market has performed strongly over the past 12 months to December 2019.

There have been 233 properties listed over the past 12 months, while 194 have sold. This compares to 0 listings for the same time last year, and 249 sales.

The current median sales price of a house in Norlane is $350,000. This represents a decline of -1.4% over the past 12 months.

The time it takes to sell a house in Norlane is currently 47.5 days. This timing is 19.5 days higher than a typical 4 week auction campaign.

For apartments, the median sales price is $325,700. Apartment prices have risen by 15.3% over the past 12 months. The time it takes to sell a unit in Norlane is currently 80 days.

MICRO-SUBURBS
Median (# Sales)
HousesUnits
1$346,500
(60)
$287,500
(14)
2$350,000
(117)
$303,750
(18)

Median Sales

House
Unit
$355,000

Dec 2018
(12 months)

$350,000

Dec 2019
(12 months)

$282,500

Dec 2018
(12 months)

$325,700

Dec 2019
(12 months)

 HouseMedian Sales Price Change inHouseMedian Sales Price

Number of Sales

225
Dec 2018
(12 months)
173
Dec 2019
(12 months)

-23.1%

MOVEMENT


24
Dec 2018
(12 months)
21
Dec 2019
(12 months)

-12.5%

MOVEMENT

Number of Listings

 House Listings Unit Listings
193
40
51
Days on Market

Rentals

Rental Yield

4.2%

Median Asking Rent

$290
per week

Percentage Rented

HOUSES & UNITS
50.6%

Rental Yield

4.6%

Median Asking Rent

$290
per week

Population

Population
8,316

Family Composition

CHILDLESS COUPLE

29.9%

COUPLES WITH CHILDREN

29.3%

SINGLE PARENTS

38.1%

OTHER

2.9%

Tenure Type

RENTING

50.6%

OWNS OUTRIGHT

24.8%

PURCHASING

18.6%

OTHER

0%

Definitions and Disclaimers

Sales metrics are for the period 1 Jan 18 - Dec 19 unless otherwise stated. For listings, 1 Mar 19 - Feb 20.

The CoreLogic Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While CoreLogic uses commercially reasonable efforts to ensure the CoreLogic Data is current, CoreLogic does not warrant the accuracy, currency or completeness of the CoreLogic Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the CoreLogic Data.

The State of Victoria owns the copyright in the Property Sales Data and reproduction of that data in any way without the consent of the State of Victoria will constitute a breach of the Copyright Act 1968 (Cth). The State of Victoria does not warrant the accuracy or completeness of the Property Sales Data and any person using or relying upon such information does so on the basis that the State of Victoria accepts no responsibility or liability whatsoever for any errors, faults, defects or omissions in the information supplied.