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Property investors have seen a 3.13% 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 $395,000
Profits averaged 10.56% 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 $410 based on current median home prices for the suburb.
The gross rental yield in SORELL, 7172 is 5.4%.
An average of 6.25 real estate transactions take place per month in SORELL which translates to 75 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $395,000 | $295,000 |
| GROWTH REPORT | ||
| Median Quarterly | 3.13% | 0% |
| Median 12 month | 6.25% | 7.66% |
| Median 3 years | 31.67% | 22.92% |
| Median 5 years | 26.4% | 11.32% |
| 10 years average annual | 3.43% | 3.96% |
| Weekly media advert. rent | $410 | $345 |
| Time on Market | 62.5 days | 33.8 days |
| Gross Rental Yield Percent | 5.4% | 6.08% |
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