2/4 Penwood Close

Norwood TAS 7250

The size of Norwood is approximately 3.7 square kilometres. It has 10 parks covering nearly 6% of total area. The population of Norwood in 2011 was 3,794 people. By 2016 the population was 3,757 showing a population decline of 1.0% in the area during that time. The predominant age group in Norwood is 60-69 years. Households in Norwood are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Norwood work in a professional occupation. In 2011, 78.5% of the homes in Norwood were owner-occupied compared with 77.2% in 2016.

Norwood has 1,633 properties. Over the last 5 years, Houses in Norwood have seen a 63.60% increase in median value, while Units have seen a 65.12% increase. As at 30 November 2024:

• The median value for Houses in Norwood is $629,872 while the median value for Units is $433,070.
• Houses have a median rent of $520 while Units have a median rent of $410.