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Port Sorell
AREA REPORTS

Port Sorell

Port Sorell - SUBURB PROFILE REPORT
POSTAL CODE: TAS, 7307

house
unit

Property investors enjoyed capital gains of 33.25% over the last 12 months in PORT SORELL, translating to lower returns compared with its peers in TAS.

Figures from the previous quarter show that capital gains for real estate buyers in PORT SORELL are low, as opposed to average gains per annum over the past five years.

The suburb posted a 47.79% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $390 based on current median home prices for the suburb.

On average, rents on listings have reached the $390 mark, reflecting a 3.79% increase in returns based on the current median price in PORT SORELL.

PORT SORELL, 7307 ranks 58th in TAS in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 83rd on the list of best yielding suburbs for rental properties in TAS, posting a 3.79% return.

Data report can be found below

Port Sorell
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $535,000 $350,000
GROWTH REPORT
Median Quarterly 3.88% 0%
Median 12 month 33.25% N/A
Median 3 years 47.79% N/A
Median 5 years 58.52% N/A
10 years average annual 6.45% N/A
Weekly media advert. rent $390 N/A
Time on Market 37.8 days 0.0 days
Gross Rental Yield Percent 3.79% N/A
demographics (median values)*
Total Population
10125
Weekly Household Income
1067
Household Size
2.30
Age
47
Monthly Loan Repayment
1300
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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