SORRENTO ranks 71st in VIC when it comes to estimated capital gains experienced by property investors over the past three years.
The suburb’s capital gain of 5.69% for the past year is lower than average compared to its 78.08% growth within a five-year period.
Also in SORRENTO, the median home price is sitting at $1,300,000, and the average rent at $510, this suggests property owners could potentially earn a 2.04% increase in gross rental yield.
Property investors have seen a 2.97% 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 7.36% growth over a ten-year period. It ranks 816th on our list of suburbs that property investors should look into.