TAS/
Sorell

Suburb Profile

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

house
unit

Property investors have seen a 1.43% 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 $355,000

Profits averaged 4.23% 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 5.49%.

An average of 6 real estate transactions take place per month in SORELL which translates to 72 per annum.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $355,000 $265,000
GROWTH REPORT
Median Quarterly 1.43% -1.85%
Median 12 month 7.58% -5.36%
Median 3 years 12.7% 4.95%
Median 5 years 26.79% N/A
10 years average annual 3.43% 2.31%
Weekly media advert. rent $375 $295
Time on Market 73.6 days 82.3 days
Gross Rental Yield Percent 5.49% 5.79%
demographics (median values)
Total Population
1547
Weekly Household Income
592.8
Household Size
2.20
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