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Norway
NSW, 2787 - Oberon

Thinking about buying in Norway? Now could not be a better time, with just 56 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $1,506,000 with prices in this suburb ranging from $503,000 to $9,504,000. The aproximate distance to the coast is 116 Km.

Household Makeup

Median Weekly Rent $270.00
Median Monthly Mortgage $1930.67
Median Persons Per Bedroom 0.70
Average Household Size 2.00
Average Age 52.33
Average Income $830.67
Average Cars Per Dwelling 2.39
Average Properties Within 50M 1

Housing Stock

Average Property Prices

3 Bed  $1,003,000
4 Bed  $733,000

Norway Real Estate Market Outlook

In Norway there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in Norway is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. Low average earnings from people in Norway leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. With very low industrial sector presence in Norway the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.


Local Schools

None within suburb boundary

(While the above schools are located with the suburb of Norway there may also be nearby schools whose catchments cover this suburb)

Local Crime Rate

Incidents Trend State Average

We are currently collecting information for this location.

Norway weather - Average Local Climate by month

(mm)
RAIN
Min (°C)
TEMP
Max (°C)
TEMP
Min (%)
HUMIDITY
Max (%)
HUMIDITY
(m/sec)
WIND
(MJ/sq m)
SOLAR
Jan2.113.127.939.693.91.622.0
Feb4.711.924.247.0951.818.7
Mar3.510.12250.795.71.615.4
Apr0.95.519.84596.01.414.0
May1.21.414.850.095.91.410.6
Jun1.40.911.658.996.21.48.6
Jul1.5-0.411.851.093.81.710.1
Aug2.2-0.412.445.393.61.912.4
Sept1.9216.540.694.31.816.4
Oct1.85.820.141.494.51.619.0
Nov2.77.723.334.792.32.023
Dec2.310.625.736.791.31.923.5

source: Australian Government Bureau of Meteorology


Recently Sold Properties / House Prices

31-10-2023 $1,350,000 387 SLOGGETTS RD
26-08-2022 $700,000 120 MOUNT NORWAY RD
13-08-2021 $850,000 1698 ABERCROMBIE RD
26-07-2021 $540,000 83 SLOGGETTS RD
25-06-2021 $1,250,000 20 SLOGGETTS RD
19-05-2021 $1,100,000 334 SLOGGETTS RD
08-01-2021 $2,450,000 509 SLOGGETTS RD
10-12-2020 $620,000 299 SLOGGETTS RD
15-09-2020 $1,200,000 1698 ABERCROMBIE RD
24-08-2020 $2,450,000 509 SLOGGETTS RD
27-03-2020 $780,000 1045 ABERCROMBIE RD
12-10-2018 $760,000 279 SLOGGETTS RD
20-09-2017 $620,000 1759 ABERCROMBIE RD
04-09-2017 $764,000 2 SLOGGETTS RD
12-05-2017 $450,000 414 SLOGGETTS RD
13-05-2016 $825,000 1698 ABERCROMBIE RD
29-01-2016 $3,250,000 1640 ABERCROMBIE RD
22-01-2016 $295,000 299 SLOGGETTS RD
22-06-2015 $800,000 1212 ABERCROMBIE RD
19-12-2014 $290,000 1045 ABERCROMBIE RD
16-01-2014 $325,000 983 ABERCROMBIE RD
13-06-2013 $565,000 387 SLOGGETTS RD
14-02-2011 $360,000 922 ABERCROMBIE RD
03-09-2010 $470,000 1460 ABERCROMBIE RD
22-01-2010 $415,000 63 SLOGGETTS RD
01-10-2009 $590,000 71 SLOGGETT S RD
19-06-2009 $250,000 83 SLOGGETT S RD

Internet Speed

Download 25 Mbps / Upload 5 Mbps

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Public Transport


General Points of Interest

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