Suburb Profile
Sorrento - FREE SUBURB PROFILE REPORT POSTAL CODE: VIC,3943
The suburb’s capital gain of 13.64% for the past year is lower than average compared to its 69.49% growth within a five-year period.
Also in SORRENTO, the median home price is sitting at $1,250,000, and the average rent at $525, this suggests property owners could potentially earn a 2.18% increase in gross rental yield.
Property investors have seen a 3.31% 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 13.64%.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 7.55% growth over a ten-year period. It ranks 731st on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,250,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 3.31% | N/A |
| Median 12 month | 13.64% | N/A |
| Median 3 years | 56.01% | N/A |
| Median 5 years | 69.49% | N/A |
| 10 years average annual | 7.55% | N/A |
| Weekly media advert. rent | $525 | N/A |
| Time on Market | 56.0 days | N/A |
| Gross Rental Yield Percent | 2.18% | N/A |
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