Norman Park suburb profile is important because this is a prominent suburb. Chances are you will come across Norman Park if you are searching for a house to buy or rent. There are a number of valuable metrics that can be used to help in our decisions on where to live, invest or play. Analysing a suburb is important. This, along with another information, could help an investor, renter or home buyer to make better decisions. We are all about empowering people and reducing the chances they will get a dud investment or purchase a home in a suburb they don’t like. This is Norman Park information.
About the city where Norman Park is located
Brisbane is a big city. There are a number of suburbs that are well known, such as Fortitude Valley and Ascot. However, what about the lesser known suburbs. When we research a suburb, we look into a variety of different metrics. Some of them include wealth of the suburbs and its composition. There is a reason, for example Sunnybank is more popular with the Chinese population. Below series of metrics are released to show some of the aspects we use in analysing a suburb when purchasing property.
You are reading Norman Park ancestry profile
Norman Park suburb profile: This suburb has 49% males and 51% female population. A total number of 6,287 people have reported this suburb as their main place of residence. This could include renters, home owners and boarders. This doesn’t necessarily mean that all those people own property in the suburb. We also consider this suburb to be in the Brisbane (C) area, or in vicinity of thereof. Meaning that if it is indicated as Being in Brisbane it could generally mean it is in Brisbane City Council, or it could mean that it is sufficiently close to Brisbane City Council for us to classify it as such.
Norman Park has a high percentage of people from English background. In fact a total of 2,573 have reported to have one or two parents of English background. Thereafter, the next most common ancestry reported is Australian, with a total of 2,148 people reporting to have one or two parents from Australian background. Further, the third most common ancestry reported in Norman Park is Irish with a reported number of 1,131 residents reporting parents from this background.
Finally, the forth and fifth most reported ancestries are Scottish and German reporting respectively 770 and 410. You can obtain further details by heading to HTML: https://securedatapower.com/blog/2019/02/16/interactive-suburb-profile/.
For example, below graph depicts the ancestries reported in this subrub:
Income and wealth profile for Norman Park
From the wealth perspective Norman Park can be considered a very high income level suburb. While the majority of people in this suburb earn in vicinity of $2,000-$2,999. That is not to say, that all people have to be in that income bracket. For example, we estimate that roughly 20.87% of people in this suburb earn above average income. In other words, we estimate that to be over $3,000 Total Personal Income (Weekly).
At the same time, 16.13% of people in this suburb earn the bottom range of income. To clarify, we estimate that to be in surrounds of $1,000-$1,249 of Total Personal Income (Weekly).
For example, below graph would show the distribution of income in the area:
Generally speaking, the income composition of this suburb could mean that this suburb has a chance of very high capital gains in medium to long term. This is however is not a blanket statement and each property needs to be analysed. Property investors are cautioned to perform appropriate due diligence and analyse the type, location and suitability of their property of choice To request further information, you can head to https://securedatapower.com/blog/2019/01/02/general-contact-form/
Below table will show the top most reported ancestry backgrounds in Norman Park
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