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 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%|