Suburb Profile Report for Sorell TAS (7172)

Sorell House: Median price $337,500, Annual capital growth 3.42%, Number of sales 68, Weekly median advertised rent $343

Sorell Unit: Median price $280,000, Annual capital growth 4.90%, Number of sales 24, Weekly median advertised rent $280

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

Source: CoreLogic

  • House Report
  • Unit Report

Giving property investors a a solid capital gain of 13.45% for the last year, Sorell, 7172 is the 700th highest performer in Australia in this respect.

A 14.41% growth in median value for property investors in Sorell,7172 puts this suburb at number 70th in terms of best performing suburbs in TAS

Our latest figures would indicate that property sellers in Sorell are currently offering property investors an average price cut of -5.13% below the asking price at the moment.

Renters in Suburb are facing rents around $4110 per annum or $342.5 every week.

Property investors who have had real estate in Sorell, 7172 should be pleased with this TAS suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 14.29%

The five-year average increase in median property values for Sorell,7172 has given property investors a potential capital gain of 19.15% across each of those five years.

Property buyers and investors in Sorell 7172 should be seeing an average reduction in asking price of around -6.30% . This means that Sorell is holding prices well when compared to other suburbs in TAS.

Metrics i HOUSE UNIT
$337,500 $280,000
2.27% N/A
13.45% 14.29%
3.42% 4.90%
$343 $280
68 24
5.28% 5.20%
70.32 109.25

Source: CoreLogic

DSR Score for property investment : Good (U), Above average (H)
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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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