Katherine Skinner
Port Adelaide, SA+12
Adelaide · Eastern Suburbs
Norwood is a vibrant, cosmopolitan suburb just east of Adelaide's CBD, celebrated for its blend of historic charm and modern energy. Its leafy streets are lined with a mix of beautifully preserved Victorian homes and stylish new townhouses, all centred around the bustling retail and dining strip, The Parade. This creates a sophisticated yet welcoming atmosphere.
Market snapshot
Price register · May 2026
Median house
$1.40M - $1.90M
Mid-band $1.65Mspread 30%
Browse agencies across Australia to find the perfect team for your property journey.
Create your free profile and connect with motivated buyers actively searching for expert guidance in your area.
Create Your Free ProfileLast reviewed 13 May 2026
Median unit
$650,000 - $875,000
Mid-band $763Kspread 30%
Days on market
~28-64 days
Median listing-to-sold window. Shorter = tighter buyer field.
Auction clearance
78% to 88%
Share of auctions sold. Brisbane skews private-treaty.
Rental yield
2.1% to 3.1%
Gross yield on house stock. Premium suburbs compress.
5-year house-price growth
+36% to +56%
cumulative since 2021Who buys here
Young professionals · Established families · Discerning downsizers
5-year trend
Modelled trajectory anchored on aggregated 5-year median figures. Indicative; not month-by-month observed data.
Market analysis
Norwood's property market is characterized by high demand, premium prices, and strong long-term growth, solidifying its status as one of Adelaide's blue-chip suburbs. With a median house price now sitting around $1.65 million, the area has seen remarkable capital appreciation, including a significant surge of over 23% in the last year alone. This trajectory is driven by a consistent undersupply of properties and intense buyer competition. Homes in Norwood sell quickly, with an average time on market of just 46 days and very high auction clearance rates often exceeding 80%, pointing to a market where demand far outstrips available stock.
Investor interest in Norwood is primarily focused on capital growth rather than immediate rental returns. While the rental yield for houses is modest at approximately 2.6%, the suburb's high socio-economic profile and sustained price growth provide a compelling case for long-term investment. The unit market offers a more accessible entry point with a median price of around $751,000 and a healthier rental yield of approximately 3.8%. However, unit prices have seen more modest growth compared to houses.
The market is fueled by Norwood's inherent lifestyle appeal. Its proximity to the CBD, the vibrant atmosphere of The Parade, excellent schooling options, and the prestige of the address attract high-income professionals, established families, and affluent downsizers. This demographic profile ensures price stability and resilience, even during broader market downturns. With nearly 40% of the population renting, there is a large and active tenant pool, ensuring vacancy rates remain exceptionally low, often below 1%. Future infrastructure improvements and the suburb's enduring charm suggest that Norwood will remain a top-performing market for the foreseeable future, rewarding those who can enter this tightly held area.
Norwood is a classic capital-growth market, where tight supply and high-income buyer demand create a foundation for long-term price resilience and appreciation.
Why a buyers agent
In Norwood's fast-paced and competitive market, a buyer's agent is an invaluable asset. Properties here often sell before they are widely advertised, and fierce competition at auctions is standard. An experienced agent provides access to off-market opportunities and crucial local knowledge that can make the difference between securing a home or missing out. They understand the nuances of value in a suburb with varied housing stock, from heritage bluestones to modern apartments, ensuring you don't overpay. For interstate or time-poor buyers, an agent acts as your on-the-ground expert, navigating the complexities of a high-value market where quick, decisive action is necessary to succeed.
At the heart of Norwood is The Parade, one of Adelaide's premier main streets, offering an endless array of cafes, fine dining, boutique shopping, and entertainment. This vibrant hub provides an unparalleled urban lifestyle just minutes from the CBD.
As a blue-chip suburb, Norwood has a long history of strong and resilient property price growth. With tight housing supply and consistent high demand, it is a top-performing market for long-term capital appreciation.
The suburb boasts some of Adelaide's most beautiful streetscapes, featuring a stunning mix of preserved heritage homes, from grand Victorian villas to charming bluestone cottages, alongside high-quality modern architecture.
Norwood is zoned for and located near some of Adelaide's most sought-after public and private schools, including Pembroke School and Norwood Primary, making it a top choice for families prioritising education.
The place
Norwood, located just 4 kilometres east of Adelaide's CBD, is a premier suburb renowned for its sophisticated lifestyle and rich heritage. The suburb's heart is The Parade, a bustling main street that serves as one of Adelaide's most popular shopping and dining precincts, offering over 250 businesses ranging from boutique fashion and homewares to a diverse array of cafes, restaurants, and the historic Norwood Oval. The area is characterized by its leafy, tree-lined streets and a diverse architectural landscape that includes grand Victorian villas, charming bluestone cottages, and contemporary architectural homes and apartments.
Families are drawn to Norwood for its excellent educational facilities. Reputable schools in and around the suburb include Norwood Primary School, St Joseph's Memorial School, Saint Ignatius' College Junior School, and the highly regarded Pembroke School.
Transport links are excellent, with multiple bus routes operating along The Parade, Magill Road, and Kensington Road, providing frequent and direct access to the city centre. The suburb is also highly walkable and bike-friendly.
Retail needs are well-catered for by major shopping centres like Norwood Place and Norwood Mall, alongside a host of independent specialty stores. For recreation, the area features numerous small parks and is a short distance from the expansive Adelaide Park Lands. This combination of vibrant amenity, beautiful streetscapes, and proximity to the city makes Norwood one of Adelaide's most desirable places to live.
Frequently asked
Keep exploring
The 5-year trajectory is a modelled curve anchored on the documented cumulative growth rate. Editorial review: 13 May 2026. Updated quarterly.
Verified professionals serving Norwood
