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AREA REPORTS

Sorrento

VIC/
Sorrento

Suburb Profile

Sorrento - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3943

house
SORRENTO ranks 50th in VIC when it comes to estimated capital gains experienced by property investors over the past three years.

The suburb’s capital gain of 5.77% for the past year is lower than average compared to its 77.99% growth within a five-year period.

Also in SORRENTO, the median home price is sitting at $1,375,000, and the average rent at $550, this suggests property owners could potentially earn a 2.08% increase in gross rental yield.

Property investors have seen a 0% gain in SORRENTO based on an increase in median home prices for the past three months.

A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 7.22% growth over a ten-year period. It ranks 928th on our list of suburbs that property investors should look into.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,375,000 N/A
GROWTH REPORT
Median Quarterly 0% N/A
Median 12 month 5.77% N/A
Median 3 years 60.07% N/A
Median 5 years 77.99% N/A
10 years average annual 7.22% N/A
Weekly media advert. rent $550 N/A
Time on Market 64.9 days N/A
Gross Rental Yield Percent 2.08% N/A
demographics (median values)
Total Population
1525
Weekly Household Income
813
Household Size
2.00
demographics
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