Thinking about buying in Norlane? Now could not be a better time, with 5980 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $525,000 with prices in this suburb ranging from $73,000 to $6,160,000. Norlane is located fairly close to the coast at just 0Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Norlane 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 Norlane due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. Low average earnings from people in Norlane 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. High density population in Norlane requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. Lower than average industry presence in Norlane we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Norlane a better buying opportunity than it may have been in the past.

Houses for sale Norlane

	73 st georges rd, norlane, vic, 3214	3	1	1	$359,000 - $389,000
	15 kalinga st, norlane, vic, 3214	3	1	4	$449,000 - $493,000
	476 thompson rd, norlane, vic, 3214	3	2	1	$469,000 - $499,000
	unit 4, 84 donnybrook rd, norlane, vic, 3214	2	1	1	$425,000 - $465,000
	3 narooma st, norlane, vic, 3214	2	1	1	$419,000 - $459,000
	156 sparks rd, norlane, vic, 3214	3	1		$400,000 - $440,000
	7 marnoo ct, norlane, vic, 3214	3	1	2	$449,000 - $493,000
	unit 1, 501 thompson rd, norlane, vic, 3214	3	2	2	$499,000 - $548,000
	11 north shore rd, norlane, vic, 3214	3	1	1	$470,000 - $500,000
	unit 1, 61 eagle pde, norlane, vic, 3214	2	1	1	$399,000 - $438,000
	4 tulip st, norlane, vic, 3214	2	1	2	$479,000 - $524,000
	11 rose av, norlane, vic, 3214	3	1	2	$449,000-$479,000
	34 bellbird av, norlane, vic, 3214	2	1	2	$340,000 - $370,000
	490 thompson rd, norlane, vic, 3214	2	1	0	$380,000
	46 donnelly av, norlane, vic, 3214	2	1	0	399000
	unit 4, 67 station st, norlane, vic, 3214	2	1	1	280000
	109 station st, norlane, vic, 3214	0	0	0	550000
	unit 1, 110 sparks rd, norlane, vic, 3214	2	1	1	$459,000

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