Norwood Estate is one of the oldest establishments in the Goulburn area. It was originally one of the crown grants to Francis Macarthur who settled it around 1836. A brick in one of the walls of the barn bears the inscription Francis Macarthur 1837. It was probably inscribed by Francis himself but may be been etched there at his insistence for succeeding generations.
Norwood was established for the family business of raising merino sheep. The land has been used for cattle, pigs and horses. Crops are also grown here. Limestone quarries have been opened up over time.
Norwood has been registered on the National Estate since 1978.