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Sorrento

Suburb Profile

Sorrento - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3943

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SORRENTO ranks 131st in VIC when it comes to estimated capital gains experienced by property investors over the past three years.

The suburb’s capital gain of 7.13% for the past year is lower than average compared to its 90.26% 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 $1,465,000, and the average rent at $550, this suggests property owners could potentially earn a 1.95% increase in gross rental yield.

Property investors have seen a 7.13% 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 8.42% growth over a ten-year period. It ranks 137th on our list of suburbs that property investors should look into.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,465,000 N/A
GROWTH REPORT
Median Quarterly 7.13% N/A
Median 12 month 7.13% N/A
Median 3 years 47.38% N/A
Median 5 years 90.26% N/A
10 years average annual 8.42% N/A
Weekly media advert. rent $550 N/A
Time on Market 97.3 days N/A
Gross Rental Yield Percent 1.95% N/A
demographics (median values)
Total Population
1525
Weekly Household Income
813
Household Size
2.00
demographics
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