Norman Park 4170 - Queensland

Click here for the latest property prices in Norman Park

Norman Park is a suburb in Brisbane, located 4 kilometres east of the Brisbane central business district.

Norman Park has numerous parks and recreational areas for residents in the area. Bordered by East Brisbane, Coorparoo, Camp Hill, Morningside and Hawthorne, Norman Park offers limited housing along the Brisbane River.

Buyers will find a diverse range of properties available and some excellent examples of renovated Queenslanders and post-war workers cottages.

Norman Park has benefited from the continuing trend towards inner city living. Coupled with its good public transport and local facilities Norman Park has experienced strong growth over the last five years.

The median house price in the suburb for the calendar year 2005 was $426,000. The median weekly rent paid for a 3-bedroom house in this area in the December 2005 quarter was $280. The median weekly rent paid for a 2-bedroom unit in this area for the same period was $240.

Latest Market Price in Norman Park

The median house price in Norman Park has dropped -4% from $625,000 in the 6 months to March 2008 to $601,000 in the 6 months to September 2008. The long term trend for house prices in Norman Park over the last 10 years is +15.4% per annum.

There is not enough data about the median unit price in Norman Park over the last year for a meaningful report. The long term trend for unit prices in Norman Park over the last 10 years is +11.7% per annum.

Click here to automatically receive this information each month