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9 MIN READProperty Market Update: Brisbane, April 2022
Brisbane remained golden in April, as house values in the city marched higher to hit a new record high. But with a rate ...
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Port SorellPort Sorell - SUBURB PROFILE REPORT
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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.
| 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 |
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