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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.
| 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 |
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