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Lower Norton, VIC 3401
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$740,000
market range $650K-$1.3M
Median Unit
$435,000
Gross Yield (houses)
2.7%
1yr Growth
-
Investment snapshot for Lower Norton
Lower Norton has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Lower Norton market and investor summary
In Lower Norton, VIC 3401, the median house sells for around $740K, on a gross rental yield of 2.7% for houses.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 2.7% will not cover holding costs in the early years, so the case leans on price appreciation. Houses also take time to sell, around 149 days on market, so plan for a slower exit if you ever need one.
Living in Lower Norton: people, income and schools
Lower Norton has a resident population of roughly 236, a number that has held fairly steady over five years. At a median age of 45, it reads as skewed a little older, and 85% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
The typical household income runs to around $119,000 a year (about $2,300 a week). On socio-economic measures it ranks comfortably above the national middle (8 out of 10 on the ABS advantage index). At current prices a median house runs to about 6.2 times local household income, in line with much of metropolitan Australia. Incomes have risen about 30% over five years, which tends to underpin what local buyers can pay.
Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 236
- -1% over 5yr
- Median age
- 45 years
- Median household income
- $119,000/yr
- Households renting
- 5%
- Family households
- 88%
- Socio-economic rank
- 8/10
- ABS advantage index
- Unemployment
- 1.7%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Lower Norton
No properties currently listed in Lower Norton
Search Lower Norton listings →Frequently asked questions about Lower Norton
What should I check before investing in Lower Norton?
Lower Norton has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.0% gives a usable rent-to-price starting point. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Lower Norton?
The median property price in Lower Norton, VIC 3401 is $740K for houses and $435K for units.
What rental yield does Lower Norton show?
The gross rental yield in Lower Norton is 2.7% for houses and 4.0% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
How many people live in Lower Norton?
Lower Norton has a population of approximately 236 residents, with a median age of 45.
Is Lower Norton affordable to buy in?
A median house in Lower Norton costs about 6.2 times the median local household income (broadly in line with metropolitan Australia). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Lower Norton's population growing?
The population of Lower Norton has held roughly flat over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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