Norwood is Adelaide's inner east prestige suburb, famous for The Parade — a stunning strip of boutique restaurants, wine bars and boutiques. Proximity to the Adelaide CBD and strong owner-occupier demand from professionals and downsizers sustains exceptional price premiums relative to Adelaide's median. At the current $1.02m median house price, an 80% loan at 6.25% over 30 years is about $5,024 per month.
| Median house price | $1,020,000 |
|---|---|
| Median unit price | $640,000 |
| Estimated monthly repayment | $5,024 at 80% LVR, 6.25%, 30 years |
| Annual price growth | 6.8% |
| Gross rental yield | 3.6% |
| Typical days on market | 17 |
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