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 Price | $350,000 | $252,500 |
| GROWTH REPORT | ||
| Median Quarterly | 0.72% | -6.48% |
| 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% |
If Apra think they are going to lower...
Hopefully this will increase the value...
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