Norman Park

Real estate profile

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Location

4km east of the Brisbane CBD.

Features

Proximity to Brisbane City, Norman Park rail station, CP Bottomley Park.

Median Price

REIQ research shows that the median house price in the suburb for the calendar year 2006 was $444,500.

Median Weekly Rent

The median weekly rent paid for a 3-bedroom house in this area in the June 2007 quarter was $330. The median weekly rent paid for a 2-bedroom unit in this area for the same period was $290.

Profile

Only 4km from the heart of Brisbane, Norman Park offers residents numerous parks and recreational areas close to the central business district.

Bordered by East Brisbane, Coorparoo, Camp Hill, Morningside and Hawthorne, Norman Park offers limited housing along the Brisbane River.

Buyers will find a diverse range of properties available and some excellent examples of renovated Queenslanders and post-war workers cottages.

The neighbouring suburbs service the needs of school-aged residents and also offer a variety of larger supermarket and retail outlets to complement Norman Park’s local stores. The Coorparoo retail precinct in particular offers easy access to Coles, Myer Mega Mart, banking and some smaller street stores.

Students are also in close proximity to the Morningside campus of Griffith University while sports lovers are in close proximity to The Gabba.

For those commuters opting to leave the car at home, the Norman Park railway station is available as are regular bus services to both the City and Carindale Shopping Centre.

CP Bottomley Park and other parkland reserves offer residents a variety of walk and bikeways, barbeque and picnic spots. The scouts also meet in Norman Park at the reserve situated alongside the Norman Park Bowls Club.

Norman Park has benefited from the continuing trend towards inner city living. Coupled with its good public transport and local facilities Norman Park has experienced strong growth over the last five years.

According to the 2001 Census there were 6,307 people living in the suburb with a median age of 33. The median individual income was between $500 and $599 per week. Of all occupied private dwellings 62% were either fully owned or being purchased; 31% were being rented.

Source: REIQ

REIQ Copyright 2007. Enquiries about the reproduction of part or all of the information should be directed to the Marketplace Strategy division of the The Real Estate Institute of Qld Ph 3249 7300.

This information has been carefully compiled by the REIQ and is not intended to be treated as a warranty or promise as to the correctness of the information.