AREA REPORTS

Sorell

TAS/
Sorell

Suburb Profile

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

house
unit

Property investors have seen a 3.13% 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 $395,000

Profits averaged 10.56% 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 $410 based on current median home prices for the suburb.

The gross rental yield in SORELL, 7172 is 5.4%.

An average of 6.25 real estate transactions take place per month in SORELL which translates to 75 per annum.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $395,000 $295,000
GROWTH REPORT
Median Quarterly 3.13% 0%
Median 12 month 6.25% 7.66%
Median 3 years 31.67% 22.92%
Median 5 years 26.4% 11.32%
10 years average annual 3.43% 3.96%
Weekly media advert. rent $410 $345
Time on Market 62.5 days 33.8 days
Gross Rental Yield Percent 5.4% 6.08%
demographics (median values)
Total Population
1547
Weekly Household Income
592.8
Household Size
2.20
demographics
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