Competition from FHBs not expected until late 2019
First-home buyers are expected to return to the market by the end of 2019, meaning property investors could have less-than-expected competit...
The suburb’s capital gain of 6.76% for the past year is lower than average compared to its 69.03% growth within a five-year period.
Also in SORRENTO, the median home price is sitting at $1,310,000, and the average rent at $522.5, this suggests property owners could potentially earn a 2.07% increase in gross rental yield.
Property investors have seen a -0.47% 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 7.03% growth over a ten-year period. It ranks 967th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,310,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -0.47% | N/A |
| Median 12 month | 6.76% | N/A |
| Median 3 years | 54.12% | N/A |
| Median 5 years | 69.03% | N/A |
| 10 years average annual | 7.03% | N/A |
| Weekly media advert. rent | $522.5 | N/A |
| Time on Market | 60.5 days | N/A |
| Gross Rental Yield Percent | 2.07% | N/A |
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