Real Estate Norman Park, QLD, 4170 Brisbane

Thinking about buying in Norman Park? Now could not be a better time, with a whopping 4210 properties either residential or commercial there's certainly plenty to choose from.

The average property price for this area is $1,529,000 with prices in this suburb ranging from $153,000 to $11,608,000.

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Norman Park Real Estate Market Outlook

Consistent high demand relative to supply is a key feature in Norman Park driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Norman Park ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in Norman Park classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. Medium density in Norman Park necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.