Australia is in the midst of ‘the biggest rental crisis in history’, expert says
Australia’s property market has never been more paradoxical, with intense rental pressure recorded in a majority of towns and cities, but ...
The suburb’s capital gain of 0.68% for the past year is lower than average compared to its 73.43% growth within a five-year period.
Also in SORRENTO, the median home price is sitting at $1,475,000, and the average rent at $650, this suggests property owners could potentially earn a 2.29% increase in gross rental yield.
Property investors have seen a 2.43% 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 7.02% growth over a ten-year period. It ranks 507th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,475,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 2.43% | N/A |
| Median 12 month | 0.68% | N/A |
| Median 3 years | 20.9% | N/A |
| Median 5 years | 73.43% | N/A |
| 10 years average annual | 7.02% | N/A |
| Weekly media advert. rent | $650 | N/A |
| Time on Market | 86.9 days | N/A |
| Gross Rental Yield Percent | 2.29% | N/A |
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