Situated just 6km east of Brisbane’s CBD, Norman Park is a small, family friendly suburb that borders East Brisbane, Coorparoo, Camp Hill, Morningside and Hawthorne. Norman Park is popular because of its proximity to the city and New Farm, as well as having riverside appeal. Because of this, Norman Park is quickly becoming known as one of the more affordable alternatives to its neighbouring riverside suburbs and better yet, for investors, Norman Park provides the perfect opportunity to purchase a home to list as an executive rental. At North South Real Estate, we specialise in selling and executive rental property management in Brisbane’s inner east, particularly in Norman Park. Therefore, we’re sharing our Norman Park suburb profile detailing some of the benefits of investing in this area.

People and Lifestyle

Norman Park’s population is primarily made up of maturing couples and families, maturing and established independents and older couples and families. These demographics are generally people who are seeking higher quality rentals because they are able to afford it. For this reason, Norman Park poses a great executive rental investment opportunity as those interested in the area are willing to spend more money on rental properties due to their higher income or retirement funds.

Property Prices

Norman Park is one of the more affordable blue-chip suburbs of Brisbane’s South East, boasting a median house price of $936,500 compared to its neighbouring suburbs of Bulimba, with a median house price of $1,300,000 and Hawthorne of $1,120,000. As an investor, Norman Park is an affordable investment that will provide great return, with an median rental price of $580 per week. Many investors are seeking to purchase properties in Norman Park in response to the suburb’s growing popularity, where prospective renters and buyers who once limited themselves to the more expensive areas of Bulimba and Hawthorne, are now realising that surrounding suburbs are just as valuable, yet more affordable.

Value-adding Amenities

Norman Park is not only in a fabulous location, there are also some great amenities which make the suburb valuable to investors, and attractive to renters. Norman Park, in its name, is home to a range of beautiful parks that are family friendly; including Giffin Park, Heath Park and Donaldson Park. Norman Park also has a range of cafes and restaurants that stretch across Bennetts Road and Wynnum Road, also being in close proximity to the east’s main dining district, Oxford St in Bulimba, and a short drive across the Story Bridge to access the James Street Precinct. When it comes to shopping, there are several grocery stores in surrounding areas, along with Westfield Carindale being only a short drive away.

Public Transport

Public transport access is very important to potential tenants, especially those who work in the CBD and areas where parking is difficult. Norman Park is adequately serviced by both busses and trainlines, with Norman Park having its own train station, where the line runs into the CBD, and all the way to Cleveland, and in the opposite direction to Doomben or Shorncliffe. All busses run frequently, passing through several stops in the CBD and can be accessed from various points across the suburb.

Schools

For parents, one of Norman Park’s most attractive elements is its proximity to a number of great local state and private schools. Within the suburb is Norman Park State School, with catholic primary schools St Thomas in Camp Hill and Our Lady of Mount Carmel in Coorparoo. When it comes to private schools, Anglican Church Grammar School and Somerville House are both a short drive from the suburb.

North South Real Estate specialise in selling homes and the property management of executive rentals in Brisbane’s inner city suburbs. To enquire about purchasing an investment property in Norman Park, contact our friendly team on (07) 3038 3200.