Sorell, 7172 ranked 44th in TAS when comparing growth in median property values or capital gain over the last 12 months. Sorell is one of 606 in our list for TAS
When looking at the potential capital gains offered to property investors over the last 3 years, Sorell comes in at number 103th in TAS.
The most recent median price for Sorell is $330000, with sellers offering an average of -5.90% off the asking price.
In the last year 66 properties changed hands in Sorell, which puts it as the 29th most active market in TAS when comparing the number of sales per suburb.
Situated 22.09km from the CBD, Sorell is one of Sorell localities in the postcode 7172.
Investment property in Sorell has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 20.43%
Sorell,7172 was ranked 176 in Australia by increase in median property value over the quarter.
LACK OF BUYER INTEREST may well be the reason that Sorell is offering property investors an average of -5.62. This rate of discount on properties puts Suburb at number 23th in terms of most discounted suburbs in TAS
At number 1370 in a list of fastest selling suburbs, Sorell is in the bottom 10% of suburbs in Australia with an average of days on market 129.73 for properties listed there.
With the median price for a house in Sorell being $280000 and the advertised rent reaching $300 the gross rental yield for property investors calculates out to be 5.57%