Investment property in Sorell has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 7.58%
The five-year average increase in median property values for Sorell,7172 has given property investors a potential capital gain of 26.79% across each of those five years.
Sorell7172 is located in TAS which offers an average discount of -5.83% to property investors. Sorell itself is showing figures that indicate -4.35% is the average achievable by property buyers investing in the suburb.
On average over the past year, suburb has had 6.00 sales per month, which equates to 72 per year.
With the median price for a house in Sorell being $355000 and the advertised rent reaching $375 the gross rental yield for property investors calculates out to be 5.49%
With a capital gain of -5.36% for the last 12 months, Sorell, 7172 has performed for property investments than its average annual 2.31% property growth over the last 5 years.
Sorell,7172 has offered an average of -5.36% return per annum in house price rises to property investors over the last three years.
LACK OF BUYER INTEREST may well be the reason that Sorell is offering property investors an average of -4.88. This rate of discount on properties puts Suburb at number 24th in terms of most discounted suburbs in TAS
The TAS suburb of Sorell, 7172 is in the Sorell local government area.