Thinking about buying in Lower Norton? Now could not be a better time, with just 97 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $530,000 with prices in this suburb ranging from $245,000 to $838,000. The aproximate distance to the coast is 156 Km.
Household Makeup
| Median Weekly Rent | $215.00 |
| Median Monthly Mortgage | $1454.00 |
| Median Persons Per Bedroom | 0.80 |
| Average Household Size | 3.00 |
| Average Age | 42.00 |
| Average Income | $905.00 |
| Average Cars Per Dwelling | 2.92 |
| Average Properties Within 50M | 1 |
Housing Stock
Average Property Prices
| 1 Bed $244,000 |
| 3 Bed $522,000 |
Lower Norton Real Estate Market Outlook
Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Lower Norton due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The slightly lower than average earnings from occupations in Lower Norton changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. 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 Lower Norton 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.
Houses for sale Lower Norton
|
102 three bridges rd, lower norton, vic, 3401 |  4 |
 2 |
 2 |
$799,000 |
Local Schools
None within suburb boundary
(While the above schools are located with the suburb of Lower Norton there may also be nearby schools whose catchments cover this suburb)Local Crime Rate
Incidents Trend State Average
Lower Norton 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 | |
|---|---|---|---|---|---|---|---|
| Jan | 0.9 | 12.6 | 31.9 | 21.4 | 80.3 | 5.6 | 27.3 |
| Feb | 0.8 | 12.7 | 30.2 | 26.5 | 82.8 | 5.4 | 23.6 |
| Mar | 0.4 | 10.4 | 26.8 | 32.1 | 86.6 | 5.1 | 18.4 |
| Apr | 0.8 | 7.6 | 22.2 | 39.1 | 91.2 | 4.7 | 13.5 |
| May | 1.2 | 5.5 | 17.6 | 51.4 | 94.5 | 4.8 | 9.5 |
| Jun | 1.3 | 3.7 | 14.3 | 62.8 | 96.6 | 4.6 | 8.2 |
| Jul | 1.2 | 3.3 | 13.8 | 63.2 | 96.9 | 5 | 8.2 |
| Aug | 1.1 | 3.0 | 14.9 | 55.4 | 96.6 | 5.0 | 11.2 |
| Sept | 1.2 | 4.2 | 17.9 | 48.1 | 95.6 | 5.0 | 15.6 |
| Oct | 1 | 6.0 | 22.4 | 37.5 | 92.4 | 5.3 | 21.0 |
| Nov | 0.8 | 8.8 | 25.9 | 29.6 | 89.0 | 5.4 | 23.7 |
| Dec | 0.5 | 10.8 | 29.3 | 22.7 | 81.9 | 5.8 | 27.4 |
source: Australian Government Bureau of Meteorology
Internet Speed
Download 25 Mbps / Upload 5 MbpsNearby Suburbs
General Points of Interest
Barangaroo Boutique Wines - Less than 2 KM
Residz covers 12m+ Australian properties and brings together a wealth of data to give you a better understanding of an area. From crime and schools to bush fire, flood risk and more. Begin your search for properties for sale or learn more about where you currently reside. Residz is an exciting next-generation Real Estate platform getting better by the day!