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 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%|