AREA REPORTS

Sorell

Suburb Profile

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

house
unit

Property investors have seen a 0.27% 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 $375,000

Profits averaged 6.67% 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 $400 based on current median home prices for the suburb.

The gross rental yield in SORELL, 7172 is 5.55%.

An average of 6.33 real estate transactions take place per month in SORELL which translates to 76 per annum.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $375,000 $290,000
GROWTH REPORT
Median Quarterly 0.27% 5.45%
Median 12 month 6.38% 11.97%
Median 3 years 20% 11.54%
Median 5 years 17.92% 11.54%
10 years average annual 3.78% 3.08%
Weekly media advert. rent $400 $340
Time on Market 72.0 days 46.5 days
Gross Rental Yield Percent 5.55% 6.1%
demographics (median values)
Total Population
1547
Weekly Household Income
592.8
Household Size
2.20
demographics
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