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Sorell
AREA REPORTS

Sorell

Sorell - SUBURB PROFILE REPORT
POSTAL CODE: TAS, 7172

house
unit

Property investors have seen a 4.98% gain in SORELL based on an increase in median home prices for the past three months.

Homeowners and real estate investors betting on SORELL, 7172 can rest assured about this TAS suburb's performance. The suburb saw median home prices rise by 20.21%.

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 $580,000

Profits averaged 15% 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 $477.5 based on current median home prices for the suburb.

The gross rental yield in SORELL, 7172 is 4.28%.

An average of 4.5 real estate transactions take place per month in SORELL which translates to 54 per annum.

Data report can be found below

Sorell
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $580,000 $439,250
GROWTH REPORT
Median Quarterly 4.98% 7.13%
Median 12 month 20.21% 13.35%
Median 3 years 45% 44.02%
Median 5 years 73.13% 56.88%
10 years average annual 7.27% 8.71%
Weekly media advert. rent $477.5 $400
Time on Market 18.0 days 21.1 days
Gross Rental Yield Percent 4.28% 4.74%
demographics (median values)*
Total Population
3650
Weekly Household Income
1127
Household Size
2.40
Age
42
Monthly Loan Repayment
1408
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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