Sorrento

POSTAL CODE: VIC, 3943

HOUSE

SORRENTO ranks 700th in VIC when it comes to estimated capital gains experienced by property investors over the past three years.

The suburb’s capital gain of 1.12% for the past year is higher than average compared to its -5.01% growth within a five-year period.

Also in SORRENTO, the median home price is sitting at $1,800,000, and the average rent at $700, this suggests property owners could potentially earn a 2.02% increase in gross rental yield.

Property investors have seen a -2.24% drop in SORRENTO based on a decrease 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 7.77% growth over a ten-year period. It ranks 1476th on our list of suburbs that property investors should look into.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,800,000	N/A
Growth Report
Median Quarterly	-2.24%	N/A
Median 12 month	1.12%	N/A
Median 3 years	-16.76%	N/A
Median 5 years	-5.01%	N/A
10 years average annual	7.77%	N/A
Weekly media advert. rent	$700	N/A
Time on Market	72.5 days	N/A
Gross Rental Yield Percent	2.02%	N/A

Demographics (Median Values)*

Total Population 1592

Weekly Household Income 1136

Household Size 1.90

Average 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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