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Port Sorell
AREA REPORTS

Port Sorell

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

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Property investors enjoyed capital gains of 1.25% 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 9.61% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $330 based on current median home prices for the suburb.

On average, rents on listings have reached the $330 mark, reflecting a 4.24% increase in returns based on the current median price in PORT SORELL.

PORT SORELL, 7307 ranks 152nd in TAS in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 90th on the list of best yielding suburbs for rental properties in TAS, posting a 4.24% return.

Data report can be found below

Port Sorell
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $405,000 N/A
GROWTH REPORT
Median Quarterly 0.87% N/A
Median 12 month 1.25% N/A
Median 3 years 9.61% N/A
Median 5 years 28.06% N/A
10 years average annual 3.35% N/A
Weekly media advert. rent $330 N/A
Time on Market 115.5 days N/A
Gross Rental Yield Percent 4.24% N/A
demographics (median values)
Total Population
10125
Weekly Household Income
1067
Household Size
2.30
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