If you compare the increase in value of investment property in Sorell, 7172 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this TAS suburb was 13.11%.
Taking the average capital gain, or increase in median house value, Sorell,7172 has racked up an average of 13.11% over the period. This ranks it number 2409th in the whole country for real estate investors looking at median house price increases.
Vendor discounting in Sorell is giving property investors an average Vendor Discount of around -3.82%. This puts suburb at number 140th in TAS when ranking the most discounted suburbs.
Residents and property investors in Sorell have been waiting around 59.19 days to sell a property.
Sorell is 80th on a list of best yielding suburbs for rents in TAS with a 5.20% return
TAS has seen average median house prices change by 3.78% which means that Sorell, 7172 has done well for property investors by showing a capital gain of -0.76% over the last year
When looking at the potential capital gains offered to property investors over the last 3 years, Sorell comes in at number 29th in TAS.
LACK OF BUYER INTEREST may well be the reason that Sorell is offering property investors an average of -5.14. This rate of discount on properties puts Suburb at number 24th in terms of most discounted suburbs in TAS