Sorrento

SORRENTO ranks 68th in VIC when it comes to estimated capital gains experienced by property investors over the past three years.

The suburb’s capital gain of 31.94% for the past year is higher than average compared to its 96.02% growth within a five-year period.

This figures put the ATC suburb in the ranks of the best performing suburbs in Australia in terms of capital gains.

Also in SORRENTO, the median home price is sitting at $2,215,000, and the average rent at $800, this suggests property owners could potentially earn a 1.88% increase in gross rental yield.

Property investors have seen a 6.49% 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 31.94%.

A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 10.29% growth over a ten-year period. It ranks 4090th on our list of suburbs that property investors should look into.