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Noranda, WA 6062
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,165,000
market range $1.1M-$1.2M
Median Unit
$675,000
market range $650K-$725K
Gross Yield (houses)
3.8%
1yr Growth (units)
+20.1%
market range +12.5% to +30.0%
Investment snapshot for Noranda
Noranda has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Noranda market and investor summary
In Noranda, WA 6062, the median house sells for around $1.2M, on a gross rental yield of 3.8% for houses. House prices have moved +70.9% over three years. At 0.8% vacancy, it is a tight rental market that favours landlords.
For an investor, the rent-to-price profile sits mid-range: a gross house yield near 3.8% is neither a standout cashflow play nor a pure growth bet. Rental demand looks steady, with vacancy at 0.8% and a resident base that is not shrinking.
Living in Noranda: people, income and schools
About 8,002 people live in Noranda, and the area has been growing steadily, up about 8% over five years. At a median age of 45, it reads as skewed a little older, and 81% 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 $85,000 a year (about $1,630 a week). On socio-economic measures it ranks comfortably above the national middle (7 out of 10 on the ABS advantage index). At current prices a median house runs to a steep 13.7 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 15% over five years, which tends to underpin what local buyers can pay.
Families have 47 schools within roughly 5km to choose from, testing close to the national school average on ICSEA. Noranda sits about 10 km from the CBD. It is fairly car-dependent; the suburb scores 46 for walkability and 13 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Node.
- Population
- 8,002
- +8% over 5yr
- Median age
- 45 years
- Median household income
- $85,000/yr
- Households renting
- 17%
- Family households
- 76%
- Socio-economic rank
- 7/10
- ABS advantage index
- Schools within 5km
- 47
- avg ICSEA 986
- Unemployment
- 3.4%
- Distance to CBD
- 10 km
- Walk score
- 46/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Noranda
View all →Frequently asked questions about Noranda
What should I check before investing in Noranda?
Noranda has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.9% gives a usable rent-to-price starting point. 3-year capital growth of +70.9% shows sustained momentum, not just a single-year spike. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Noranda?
The median property price in Noranda, WA 6062 is $1.2M for houses and $675K for units.
What rental yield does Noranda show?
The gross rental yield in Noranda is 3.8% for houses and 4.9% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Noranda?
House prices in Noranda are up 70.9% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Noranda?
The current vacancy rate in Noranda is 0.8%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Noranda?
Noranda has a population of approximately 8,002 residents, with a median age of 45.
What schools are near Noranda?
There are 47 schools within roughly 5km of Noranda. Their average ICSEA is close to the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Noranda affordable to buy in?
A median house in Noranda costs about 13.7 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). 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 Noranda's population growing?
The population of Noranda has grown about 8% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Noranda from the CBD?
Noranda is about 10 km from the CBD.
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