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Sorrento
AREA REPORTS

Sorrento

Sorrento - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3943

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SORRENTO ranks 159th in VIC when it comes to estimated capital gains experienced by property investors over the past three years.

The suburb’s capital gain of 37.93% for the past year is higher than average compared to its 105.97% growth within a five-year period.

This figures put the ATC suburb in the ranks of the best performing suburbs in Australia in terms of capital gains.

Also in SORRENTO, the median home price is sitting at $2,000,000, and the average rent at $750, this suggests property owners could potentially earn a 1.95% increase in gross rental yield.

Property investors have seen a 5.96% gain in SORRENTO based on an increase in median home prices for the past three months.

They believe that homeowners and real estate investors betting on SORRENTO, 3943 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 37.93%.

A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 9.14% growth over a ten-year period. It ranks 144th on our list of suburbs that property investors should look into.

Data report can be found below

Sorrento
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $2,000,000 N/A
GROWTH REPORT
Median Quarterly 5.96% N/A
Median 12 month 37.93% N/A
Median 3 years 51.95% N/A
Median 5 years 105.97% N/A
10 years average annual 9.14% N/A
Weekly media advert. rent $750 N/A
Time on Market 56.8 days N/A
Gross Rental Yield Percent 1.95% N/A
demographics (median values)*
Total Population
1592
Weekly Household Income
1136
Household Size
1.90
Age
65
Monthly Loan Repayment
1733
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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