October 2026 data · Launceston · TAS
Norwood house prices: median price and growth
- Median house
- $710k ▲ +11.9% in 12 months
- Median unit
- $471k Too few sales for a change
The median house price in Norwood is $710k (October 2026), up 11.9% over 12 months. Units have a median of $471k. That puts Norwood above the typical Launceston suburb ($677k) and number 3 of the 10 suburbs around it.
Median house price
- $1.8M+
- $1.6M–$1.8M
- $1.4M–$1.6M
- $1.2M–$1.4M
- $1M–$1.2M
- $800K–$1M
- $600K–$800K
- $400K–$600K
- <$400K
Norwood price changes
| Type | Median | 3 mo | 6 mo | 12 mo |
|---|---|---|---|---|
| House | $710k | ▲ +6.0% | ▲ +9.7% | ▲ +11.9% |
| Unit | $471k | – | – | – |
Changes compare the median with three, six and twelve months earlier. A dash means too few sales for a reliable figure. How these figures are worked out.
Norwood compared with nearby suburbs
Suburbs within about 1 km of Norwood, dearest house median first. Select a column heading to sort.
| House | Unit | |||||||
|---|---|---|---|---|---|---|---|---|
| Relbia | $1.30m | ▼ −25.7% | ▼ −27.8% | ▼ −30.5% | – | – | – | – |
| Newstead | $738k | 0.0% | ▼ −0.3% | ▲ +1.4% | $518k | ▲ +1.6% | ▲ +5.7% | ▲ +27.9% |
| Norwood | $710k | ▲ +6.0% | ▲ +9.7% | ▲ +11.9% | $471k | – | – | – |
| Kings Meadows | $695k | ▲ +12.1% | ▲ +22.8% | ▲ +26.4% | $576k | ▲ +1.1% | ▲ +4.8% | ▲ +18.8% |
| St Leonards | $677k | ▼ −1.1% | ▼ −2.9% | ▲ +18.8% | $595k | – | – | – |
| Youngtown | $673k | ▲ +1.1% | ▲ +6.3% | ▲ +15.0% | $560k | ▲ +8.7% | ▲ +19.8% | ▲ +16.7% |
| South Launceston | $645k | ▲ +1.2% | ▲ +5.7% | ▲ +12.2% | $506k | ▲ +13.7% | ▲ +19.1% | ▲ +2.7% |
| Punchbowl | $574k | ▲ +1.1% | ▲ +1.2% | ▲ +10.4% | $446k | – | – | – |
| Waverley | $522k | ▲ +7.6% | ▲ +13.8% | ▲ +20.0% | – | – | – | – |
| Ravenswood | $483k | ▲ +7.0% | ▲ +14.9% | ▲ +22.2% | $326k | – | – | – |
Living in Norwood
From the 2021 ABS Census: Norwood against the Launceston council area and TAS. Council and state percentages count all their residents; their medians are the middle suburb by population.
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| Figure | Norwood | Launceston (council) | TAS |
|---|---|---|---|
| People | |||
| Population | 3,869 | 68,293 | 557,693 |
| Median age | 48 | 38 | 41 |
| Families with children | 🔒 | 🔒 | 🔒 |
| Born overseas | 11.7% | 16.1% | 15.4% |
| Language other than English at home | 🔒 | 🔒 | 🔒 |
| Work and education | |||
| Median household income | $1,440/wk | $1,369/wk | $1,411/wk |
| Median personal income | 🔒 | 🔒 | 🔒 |
| Professionals and managers | 🔒 | 🔒 | 🔒 |
| Unemployment | 🔒 | 🔒 | 🔒 |
| Bachelor degree or higher | 🔒 | 🔒 | 🔒 |
| Completed Year 12 | 🔒 | 🔒 | 🔒 |
| Housing | |||
| Owned outright | 🔒 | 🔒 | 🔒 |
| Owned with a mortgage | 🔒 | 🔒 | 🔒 |
| Rented | 17.8% | 34.1% | 26.5% |
| Separate houses | 🔒 | 🔒 | 🔒 |
| Flats and apartments | 🔒 | 🔒 | 🔒 |
| Median weekly rent | 🔒 | 🔒 | 🔒 |
| Median mortgage repayment | 🔒 | 🔒 | 🔒 |
| Advantage | |||
| SEIFA advantage (IRSAD), Australian decile | 🔒 | 🔒 | 🔒 |
🔒 Age, occupation and ancestry breakdowns for Norwood, its council and TAS
Source: ABS Census of Population and Housing 2021. More figures, maps and the 2016 Census are in Location Insights.
Common questions
What is the median house price in Norwood?
The median house price in Norwood was $710k in October 2026, up 11.9% on a year earlier. The typical Launceston suburb median was $677k.
What is the median unit price in Norwood?
The median unit price in Norwood was $471k in October 2026.
Is Norwood more expensive than nearby suburbs?
Of the 9 neighbouring suburbs with a median house price, 2 are dearer than Norwood and 7 are cheaper or the same.
Where does this data come from?
Prices come from REA sales data for October 2026, all bedroom counts, refreshed monthly. Medians cover sales over the past 12 months; changes are shown only where at least 10 homes of that type sold.