Suburb Profile Report for Sorell TAS (7172)

Sorell House: Median price $345,000, Annual capital growth 2.77%, Number of sales 63, Weekly median advertised rent $350

Sorell Unit: Median price $252,500, Annual capital growth 2.76%, Number of sales 26, Weekly median advertised rent $280

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

At number 1183th in the list of Australian suburbs ordered by increase in median house value over the last year, Sorell, 7172 is in the top 30% with a property value increase of 11.29% recorded in median house prices.

When looking at the potential capital gains offered to property investors over the last 3 years, Sorell comes in at number 84th in TAS.

Sorell, 7172 is offering TAS ‘s 140th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 20% of discounts offered by this TAS.

Residents and property investors in Sorell have been waiting around 64.62 days to sell a property.

Situated 22.03km from the CBD, Sorell is one of Sorell localities in the postcode 7172.

Sorell has had a very poor year for property investment returns compared to the rest of TAS, giving investors a capital gain of -7.00% to date .

Comparing Sorell,7172 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

At number 22th of TAS’s most discounted properties, Sorell is in the middle of the state/territory when listing in order of most discounted to least.

At number 1272 in a list of fastest selling suburbs, Sorell is in the bottom 20% of suburbs in Australia with an average of days on market 112.66 for properties listed there.

Advertised rents are around the $280 mark per week – giving a return of 5.77% based on the median price in Suburb

Metrics i HOUSE UNIT
$345,000 $252,500
1.32% -9.01%
11.29% -7.00%
2.77% 2.76%
$350 $280
63 26
5.28% 5.77%
64.62 112.66

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 2475
Median household income ($/weekly) 879
Median age of persons 44
Median housing loan repayment ($/monthly) 1419
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 280 11.3
    25-34 years 245 9.9
    35-44 years 298 12.0
    45-54 years 331 13.4
    55-64 years 294 11.9
    Others 1028 41.5
    Age Group
    Census Count Percent(%)
    Registered Married 947 52.0
    Not Married 683 37.5
    Defacto Relationship 192 10.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 2178 93.4
    Greece 5 0.2
    Papua New Guinea 14 0.6
    United Kingdom 98 4.2
    Other 9 0.4
    Others 29 1.2
    Country of Birth
    Census Count Percent(%)
    Christianity 1669 74.3
    No Religion 571 25.4
    Other Religious Groups 4 0.2
    Buddhism 3 0.1
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 100 11.3
    $400-$599 148 16.7
    $600-$799 106 12.0
    $800-$999 100 11.3
    $1,500-$1,999 100 11.3
    Others 333 37.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 855 44.4
    Employed, worked full-time 632 32.8
    Employed, worked part-time 303 15.7
    Employed, away from work 75 3.9
    Unemployed, looking for work 59 3.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 138 13.7
    Technicians & trades workers 161 15.9
    Clerical & administrative workers 174 17.2
    Sales 129 12.8
    Labourers 121 12.0
    Others 287 28.4
    Occupation
    Census Count Percent(%)
    Pre-school 17 3.9
    Infants/Primary 201 45.6
    Secondary 132 29.9
    Technical or Further Educational Institution 50 11.3
    University or other Tertiary Institutions 29 6.6
    Others 12 2.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1942 84.5
    Semi-detached, row or terrace house, townhouse 223 9.7
    Flat, unit or apartment 126 5.5
    House or flat attached to a shop, office 4 0.2
    Caravan, cabin, houseboat 3 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 351 37.3
    Being purchased 346 36.7
    Rented 242 25.7
    Other tenure type 3 0.3
    Tenure Type
Census 2011, ABS
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