Suburb Profile
Sorell - FREE SUBURB PROFILE REPORT POSTAL CODE: TAS,7172
Property investors have seen a 0.82% 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 $371,000
Profits averaged 4.72% 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 $375 based on current median home prices for the suburb.
The gross rental yield in SORELL, 7172 is 5.26%.
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 | $371,000 | $259,000 |
| GROWTH REPORT | ||
| Median Quarterly | 0.82% | 1.57% |
| Median 12 month | 8.8% | -7.5% |
| Median 3 years | 14.15% | 7.92% |
| Median 5 years | 25.98% | -1.33% |
| 10 years average annual | 3.75% | 2.39% |
| Weekly media advert. rent | $375 | $340 |
| Time on Market | 72.5 days | 88.1 days |
| Gross Rental Yield Percent | 5.26% | 6.83% |
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