Sorrento is in the bottom 40% in WA when comparing median price capital growth over the last year. Sorrento gave property investors a disappointing capital gain figure when compared to the rest of the state, with -7.26%.
Comparing Sorrento,6020 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Sorrento6020 is located in WA which offers an average discount of -8.23% to property investors. Sorrento itself is showing figures that indicate -6.43% is the average achievable by property buyers investing in the suburb.
At number 1596 in a list of fastest selling suburbs, Sorrento is just in the top half of suburbs in Australia with an average of days on market 73.51 for properties listed there.
Sorrento is 328th on a list of best yielding suburbs for rents in WA with a 3.24% return
Investment property in Sorrento has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -9.53%
Taking the average capital gain, or increase in median house value, Sorrento,6020 has racked up an average of -9.53% over the period. This ranks it number 1163th in the whole country for real estate investors looking at median house price increases.
Property investors looking for a bargain in Sorrento should be aiming for at least -7.44% off the asking price, which is the average vendor discount being achieved at the moment.
Renters in Suburb are facing rents around $4620 per annum or $385 every week.