With a capital gain of 10.00% for the last 12 months, Sorell, 7172 has performed for property investments than its average annual 3.16% property growth over the last 5 years.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Sorell has increased when compared to the 5 year average annual rate.
Sellers are offering property buyers an average discount of -5.49% to buyers in Sorell at the moment, which is less than average for the rest of TAS.
At number 2098 in a list of fastest selling suburbs, Sorell is just in the bottom half of suburbs in Australia with an average of days on market 86.58 for properties listed there.
Property investors should expect to get $345 weekly from the median priced house in this suburb.
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 21.74%
Over the longer term, Sorell has seen property prices show investors a 5.66% return over the last 3 years. This is an improvement over the last 12 months
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Sorell, 7172. Typically our figures indicate that -6.14% is being offered, which puts this TAS suburb at 445th most discounted overall in Australia.
Using the current median advertised rental of $280 and the average annual increase in value of a median property of 5.70%, investors should hope to achieve an overall return of 5.20%