TAS/
Sorell

Suburb Profile

Sorell - FREE SUBURB PROFILE REPORT
POSTAL CODE: TAS,7172

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unit

Property investors have seen a 1.08% gain in SORELL based on an increase in median home prices for the past three months.

Based on its average 5-year and quarterly capital gains SORELL, 7172 saw average growth in the long term.

The TAS suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $375,000

Profits averaged 5.13% per annum over a 3-year period, due to an upward trend in home prices in SORELL, 7172.

This means, real estate investors could earn a rental income of $385 based on current median home prices for the suburb.

The gross rental yield in SORELL, 7172 is 5.34%.

An average of 5.83 real estate transactions take place per month in SORELL which translates to 70 per annum.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $375,000 $267,500
GROWTH REPORT
Median Quarterly 1.08% 3.68%
Median 12 month 7.14% -2.37%
Median 3 years 15.38% 10.31%
Median 5 years 21.36% 2.88%
10 years average annual 3.86% 2.26%
Weekly media advert. rent $385 $332.5
Time on Market 80.9 days 73.1 days
Gross Rental Yield Percent 5.34% 6.46%
demographics (median values)
Total Population
1547
Weekly Household Income
592.8
Household Size
2.20
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