All About Noranda, Bayswater, WA, 6062

Noranda, a suburb in the City of Bayswater, Western Australia, is often praised for its well-balanced combination of community vibe and urban convenience. The housing market in Noranda has experienced various trends aligned with broader Perth metropolitan dynamics. Typically featuring a mix of single-family homes, townhouses, and some units, the housing scene in Noranda caters primarily to families and individuals looking for suburban living with easy access to city amenities. Recent years have seen a steady demand for properties in Noranda, driven by its strategic location, just about 10 kilometers from the Perth CBD. Affordability compared to neighboring suburbs has also made it an attractive option for both first-time buyers and investors. However, similar to the broader Perth market, Noranda has seen fluctuations influenced by interest rates and economic conditions, with a significant emphasis on properties that promise future growth potential due to their proximity to developing infrastructure projects.

Living in Noranda offers residents a balanced lifestyle characterized by a strong sense of community, enhanced by various local amenities and parks that contribute to its family-friendly appeal. The suburb is home to the Hawaiian's Noranda shopping center, which serves as a community hub featuring supermarkets, specialty shops, and essential services. Residents enjoy access to several parks, including the picturesque Noranda Sporting Complex, which is ideal for recreational activities and sports. The education needs of families are well-served by several nearby schools, making it a favored location for those with young children. Additionally, the suburb's integration within the greater Perth transport network ensures that commuting to the city or surrounding areas is relatively hassle-free. These factors, combined with the peaceful and welcoming atmosphere, make Noranda an appealing option for those seeking a suburban lifestyle without sacrificing convenience.

Noranda Real Estate Market Outlook

Thinking about buying in Noranda? Now could not be a better time, with 3725 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $736,000 with prices in this suburb ranging from $211,000 to $2,113,000. The aproximate distance to the coast is 11 Km.

Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. Incomes in Noranda are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. Low average earnings from people in Noranda 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. Medium density in Noranda 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.

Instant Property Valuation

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Public Transport

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General Points of Interest

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Nearby Suburbs

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