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Norwest, NSW 2153
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,920,000
market range $1.8M-$2M
Median Unit
$920,000
market range $875K-$1M
Gross Yield (houses)
2.7%
1yr Growth (houses)
+11.6%
market range +5.0% to +12.5%
Investment snapshot for Norwest
Norwest has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Norwest market and investor summary
In Norwest, NSW 2153, the median house sells for around $1.9M, on a gross rental yield of 2.7% for houses. House prices have moved +11.6% over the past year. At 1.7% vacancy, it is a tight rental market that favours landlords.
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. Rental demand looks steady, with vacancy at 1.7% and a resident base that is not shrinking.
Living in Norwest: people, income and schools
About 4,688 people live in Norwest, a number that has held fairly steady over five years. At a median age of 37, it reads as broadly working-age, and families account for 73% of households.
The typical household income runs to around $115,000 a year (about $2,210 a week). On socio-economic measures it ranks among the most advantaged in the country (10 out of 10 on the ABS advantage index). At current prices a median house runs to a steep 16.7 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 17% over five years, which tends to underpin what local buyers can pay.
Families have 52 schools within roughly 5km to choose from, and they test well above the national school average on ICSEA, a draw for education-focused families. Norwest sits about 27 km from the CBD. Some errands can be done on foot, though a car still helps; the suburb scores 51 for walkability and 69 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Premises.
- Population
- 4,688
- +4% over 5yr
- Median age
- 37 years
- Median household income
- $115,000/yr
- Households renting
- 40%
- Family households
- 73%
- Socio-economic rank
- 10/10
- ABS advantage index
- Schools within 5km
- 52
- avg ICSEA 1126
- Unemployment
- 3.5%
- Distance to CBD
- 27 km
- Walk score
- 51/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Norwest
View all →Frequently asked questions about Norwest
What should I check before investing in Norwest?
Norwest has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.4% gives a usable rent-to-price starting point. Capital growth of +11.6% in the past year shows strong recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Norwest?
The median property price in Norwest, NSW 2153 is $1.9M for houses and $920K for units.
What rental yield does Norwest show?
The gross rental yield in Norwest is 2.7% for houses and 4.4% 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 Norwest?
House prices in Norwest are up 11.6% over the past year. 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 Norwest?
The current vacancy rate in Norwest is 1.7%. 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 Norwest?
Norwest has a population of approximately 4,688 residents, with a median age of 37.
What schools are near Norwest?
There are 52 schools within roughly 5km of Norwest. Their average ICSEA sits well above the national mean of 1000, which points to a more advantaged school catchment. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Norwest affordable to buy in?
A median house in Norwest costs about 16.7 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 Norwest's population growing?
The population of Norwest has grown modestly, about 4% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Norwest from the CBD?
Norwest is about 27 km from the CBD.
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