Question 1

Is Norman Gardens a nice place to live?

Accepted Answer

Norman Gardens is a residential suburb of Rockhampton centred on a local thoroughfare with shops, schools and sporting fields, and it hosts the Rockhampton Sports Precinct.

About 10,534 people live in Norman Gardens; couples with children are the largest family group and most homes are owner-occupied. Everyday amenities include neighbourhood parks, a shopping strip, schools and bus and road links into the Rockhampton centre, and the Rockhampton Sports Precinct has funding committed to finalise design and deliver Stage 1, with Stage 1 to include 16 outdoor netball courts, a clubhouse and changerooms.

Question 2

Is it expensive to live in Norman Gardens?

Accepted Answer

A typical local household earned about $1,770 a week at the most recent Census. At the current median house price of $759,000, buying a house in Norman Gardens works out to about 8.2 times a typical local annual household income.

Rents are around $620 a week for houses and $415 a week for units, which would take about 35% and about 23% respectively of that weekly household income. On these figures, buying sits well above local incomes while renting a house would take a sizeable share of income and renting a unit a moderate share.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Norman Gardens a good place to invest?

Accepted Answer

Over the past 12 months Norman Gardens saw strong rises in property values, with median unit values climbing 14.9% and median house values rising 13.1%. Rents moved more modestly in that period, with house rents up 3.3% and unit rents up 3.8%.

Taken together, the numbers show capital growth outpaced rental income for both houses and units; unit values increased a little more than house values, and unit rents edged house rents by a small margin.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$759K	N/A
Change in value Past 12 months	13.1%	14.9%
Sold Past 3 months	45	5
Median days on market Past 12 months	11	N/A
Average rent Past 12 months	$620	$415
Change in rent Past 12 months	3.3%	3.8%

	Suburb	QLD
Median age years	37	38
Median household income weekly	$1,770	$1,675
Couples with children share of families	43.7%	41.2%
Couples without children share of families	38.3%	40.3%
One-parent families share of families	16.3%	16.8%
Homes owned outright share of homes	33.2%	30.1%
Homes with a mortgage share of homes	37.7%	35.6%
Homes rented share of homes	29.1%	34.3%

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