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All About Lower Norton, Horsham, VIC, 3401

Lower Norton, a quaint locality in Horsham, Victoria, offers a unique blend of rural charm and emerging market dynamics. The housing market in Lower Norton is characterized by its affordability compared to more urbanized areas. This appeals particularly to first-time homebuyers and retirees seeking peaceful living environments. With a selection of modest family homes and a few premium properties, the area provides diverse options for prospective homeowners. Recent trends indicate a steady rise in interest, driven by regional development projects and improved connectivity to Horsham. As a result, property values have seen gradual appreciation, making Lower Norton an attractive spot for long-term investment.

Living in Lower Norton is defined by its close-knit community and serene lifestyle. Nestled amidst expansive farmlands and scenic landscapes, residents enjoy a slower pace of life away from the hustle and bustle of larger cities. This countryside setting encourages outdoor activities and fosters a strong sense of community spirit, with local events and markets frequently bringing people together. Despite its rural feel, Lower Norton benefits from proximity to Horsham, providing convenient access to essential amenities including schools, healthcare facilities, and shopping centers. Such a balanced lifestyle makes Lower Norton particularly appealing to families and those looking to enjoy a tranquil yet connected living environment.

Household Makeup

Median Weekly Rent $215.00
Median Monthly Mortgage $1454.00
Median Persons Per bed houseroom 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
Typical 1 bed house$244,000
Typical 3 bed house$522,000
Typical 4 bed house
Typical 5 bed house

Housing Stock

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Lower Norton Real Estate Market Outlook

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.

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.

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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

We are currently collecting information for this location.

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
Jan0.912.631.921.480.35.627.3
Feb0.812.730.226.582.85.423.6
Mar0.410.426.832.186.65.118.4
Apr0.87.622.239.191.24.713.5
May1.25.517.651.494.54.89.5
Jun1.33.714.362.896.64.68.2
Jul1.23.313.863.296.958.2
Aug1.13.014.955.496.65.011.2
Sept1.24.217.948.195.65.015.6
Oct16.022.437.592.45.321.0
Nov0.88.825.929.689.05.423.7
Dec0.510.829.322.781.95.827.4

source: Australian Government Bureau of Meteorology




General Points of Interest


Nearby Suburbs

Mckenzie CreekQuantongHavenVectisWonwondahHorshamNoradjuhaNatimukNurrabielBungalally

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