Norwood vs St Leonards
Property investment comparison - Norwood, TAS 7250 vs St Leonards, TAS 7250
Head-to-head across core investment metrics: Norwood wins 0, St Leonards wins 4. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.
| Metric | Norwood | St Leonards |
|---|---|---|
| Median house price | $695K | $695K |
| Median unit price | - | - |
| Gross rental yield (houses) | 4.54% | 4.60% |
| Gross rental yield (units) | 4.59% | 4.95% |
| 1-year house growth | +16.3%estimate | +21.1%estimate |
| 3-year house growth | - | - |
| Vacancy rate | 1.0% | 0.5% |
| Population | 3,869 | 2,351 |
Norwood vs St Leonards: what the numbers say
Houses cost about the same in both suburbs: the median house price is $695K in Norwood and $695K in St Leonards.
On cash flow, St Leonards leads: houses there return a gross rental yield of 4.60%, compared with 4.54% in Norwood, a gap of 0.06 percentage points.
Over the past year house prices moved +16.3% in Norwood (an estimate) and +21.1% in St Leonards (an estimate), so recent momentum favours St Leonards, although both suburbs recorded growth.
Rental vacancy is 0.5% in St Leonards and 1.0% in Norwood, so landlords in St Leonards face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Norwood is the bigger suburb, with a population of 3,869 against 2,351, larger than St Leonards; a larger suburb usually means a deeper pool of buyers and tenants.
In short: St Leonards for rental income, St Leonards for recent price momentum, St Leonards for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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