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Norval, VIC 3377
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$385,000
market range $375K-$700K
Median Unit
$325,000
Gross Yield (units)
6.9%
1yr Growth
-
Investment snapshot for Norval
Norval has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Norval market and investor summary
Norval (VIC 3377) runs a median house price of $385K. At 1.5% vacancy, it is a tight rental market that favours landlords.
Houses also take time to sell, around 90 days on market, so plan for a slower exit if you ever need one.
Living in Norval: people, income and schools
Norval has a resident population of roughly 40, a number that has held fairly steady over five years. The median age is 55, an older, established demographic, and families account for 81% of households.
Households here earn a median of about $71,000 a year, or roughly $1,370 a week. On socio-economic measures it ranks toward the more disadvantaged end of the ABS advantage index (2 out of 10). At current prices a median house runs to roughly 5.4 times local household income, leaving more headroom than most capital-city markets. Incomes have risen about 19% over five years, which tends to underpin what local buyers can pay.
Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 40
- -2% over 5yr
- Median age
- 55 years
- Median household income
- $71,000/yr
- Households renting
- 24%
- Family households
- 81%
- Socio-economic rank
- 2/10
- ABS advantage index
- Unemployment
- 2.5%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Norval
No properties currently listed in Norval
Search Norval listings →Frequently asked questions about Norval
What should I check before investing in Norval?
Norval has enough public data for first-pass screening across yield, vacancy, price and supply signals. Strong unit gross rental yield of 6.9%, before expenses, tax and loan costs. Tight rental market (1.5% vacancy) gives landlords pricing power and low rental downtime. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Norval?
The median property price in Norval, VIC 3377 is $385K for houses and $325K for units.
What rental yield does Norval show?
The gross rental yield in Norval is 6.9% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
How tight is the rental market in Norval?
The current vacancy rate in Norval is 1.5%. 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 Norval?
Norval has a population of approximately 40 residents, with a median age of 55.
Is Norval affordable to buy in?
A median house in Norval costs about 5.4 times the median local household income (more affordable than most capital-city markets). 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 Norval's population growing?
The population of Norval has fallen about 2% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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