Suburb Profile Report for Sorell TAS (7172)

Sorell House: Median price $345,000, Annual capital growth 2.71%, Number of sales 64, Weekly median advertised rent $345

Sorell Unit: Median price $260,000, Annual capital growth 3.34%, Number of sales 27, Weekly median advertised rent $280

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

Source: CoreLogic

  • House Report
  • Unit Report

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

Metrics i HOUSE UNIT
$345,000 $260,000
2.99% -6.31%
13.11% -0.76%
2.71% 3.34%
$345 $280
64 27
5.20% 5.60%
59.19 112.44

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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