1/4 Morona AvenueNorlane VIC 3214
Property Details for 1/4 Morona Ave, Norlane
1/4 Morona Ave, Norlane is a 2 bedroom, 1 bathroom Unit with 2 parking spaces and was built in 2006. The property has a land size of 265m2 and floor size of 99m2. While the property is not currently for sale or for rent, it was last sold in June 2016.
Last Listing description (July 2016)
This young unit is a property with prosperity in its sights. Featuring an open living plan with stylish kitchen that opens to the meals and lounge and out to the courtyard which is ideal for entertaining. With 2 double bedrooms, a 2 way bathroom, RC AC, plus the bonus of a double remote access garage and all on a separate title. With long term tenants returning over 6% plus you can still claim depreciation. Handy to highway access, shops and schools close by, this is a money tree in today's market. You will need to act quick to make it your own.
Due Diligence checklist are available at www.consumer.vic.gov.au/?duediligencechecklist
Property History for 1/4 Morona Ave, Norlane, VIC 3214
- 14 Jun 2016Sold for $230,000
- 24 May 2016Listed for Sale Price by Negotiation $219,000 - $239,000
- 11 Jul 2009Listed for Rent - Price not available
Recent sales nearby
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0About Norlane 3214
The size of Norlane is approximately 5.0 square kilometres. It has 10 parks covering nearly 8.5% of total area. The population of Norlane in 2016 was 8306 people. By 2021 the population was 8682 showing a population growth of 4.5% in the area during that time. The predominant age group in Norlane is 20-29 years. Households in Norlane are primarily single parents and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Norlane work in a labourer occupation.In 2021, 41.40% of the homes in Norlane were owner-occupied compared with 43.40% in 2016.
Norlane has 5,514 properties. Over the last 5 years, Houses in Norlane have seen a 33.47% increase in median value, while Units have seen a 25.15% increase. As at 30 April 2026:
- The median value for Houses in Norlane is $545,760 while the median value for Units is $435,569.
- Houses have a median rent of $410 while Units have a median rent of $420.
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