Suburb Profile Report for Sorell TAS (7172)

Sorell House: Median price $330,000, Annual capital growth 3.13%, Number of sales 66, Weekly median advertised rent $343

Sorell Unit: Median price $280,000, Annual capital growth 5.26%, Number of sales 29, Weekly median advertised rent $300

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

Source: CoreLogic

  • House Report
  • Unit Report

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%

HOUSE UNIT
$330,000 $280,000
2.33% 6.87%
10.00% 20.43%
3.13% 5.26%
$343 $300
66 29
5.40% 5.57%
88.82 129.73

Source: CoreLogic

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