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Property investors have seen a 0.27% 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 6.67% 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 $400 based on current median home prices for the suburb.
The gross rental yield in SORELL, 7172 is 5.55%.
An average of 6.33 real estate transactions take place per month in SORELL which translates to 76 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $375,000 | $290,000 |
| GROWTH REPORT | ||
| Median Quarterly | 0.27% | 5.45% |
| Median 12 month | 6.38% | 11.97% |
| Median 3 years | 20% | 11.54% |
| Median 5 years | 17.92% | 11.54% |
| 10 years average annual | 3.78% | 3.08% |
| Weekly media advert. rent | $400 | $340 |
| Time on Market | 72.0 days | 46.5 days |
| Gross Rental Yield Percent | 5.55% | 6.1% |
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