TAS/
Sorell

Suburb Profile

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

house
unit

Property investors have seen a 0.72% 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 $350,000

Profits averaged 4.3% 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 $360 based on current median home prices for the suburb.

The gross rental yield in SORELL, 7172 is 5.35%.

An average of 5.5 real estate transactions take place per month in SORELL which translates to 66 per annum.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $350,000 $252,500
GROWTH REPORT
Median Quarterly 0.72% -6.48%
Median 12 month 9.38% -4.72%
Median 3 years 12.9% 1%
Median 5 years 18.64% N/A
10 years average annual 2.6% 3.15%
Weekly media advert. rent $360 $280
Time on Market 64.4 days 113.3 days
Gross Rental Yield Percent 5.35% 5.77%
demographics (median values)
Total Population
1547
Weekly Household Income
592.8
Household Size
2.20
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