Noranda is a popular north-eastern family suburb adjacent to Morley, sharing Morley's excellent access to the Galleria Shopping Centre and major arterial roads. Generous block sizes, good school options and value pricing relative to inner-north suburbs underpin its steady demand. At the current $740k median house price, an 80% loan at 6.25% over 30 years is about $3,645 per month.
| Median house price | $740,000 |
|---|---|
| Median unit price | $460,000 |
| Estimated monthly repayment | $3,645 at 80% LVR, 6.25%, 30 years |
| Annual price growth | 8% |
| Gross rental yield | 4.2% |
| Typical days on market | 17 |
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