Norwood 5067 stays desirable for its Parade dining, cafes, schools and events, plus the new Norwood Green precinct and CBD proximity that keep supply constrained. Buyers value the walkable, heritage-rich village feel, solid rental demand and inner-east accessibility even as yields stay tight. Rate rises tied to council debt management, episodic retail churn and affordability sensitivity are real risks, yet targeted infrastructure, community activation and potential transport upgrades keep prices on a gentle uptrend over the past six months.