Sorrento is in the bottom 10% in WA when comparing median price capital growth over the last year. Sorrento gave property investors a dismal capital gain figure when compared to the rest of the state, with -17.62%.
Sorrento,6020 was ranked 2903 in Australia by increase in median property value over the quarter.
The most recent median price for Sorrento is $865000, with sellers offering an average of -7.10% off the asking price.
Property investors should expect to get $600 weekly from the median priced house in this suburb.
WA has seen average median house prices change by -3.64% which means that Sorrento, 6020 has not done well for property investors by showing a capital gain of -1.16% over the last year
The five-year average increase in median property values for Sorrento,6020 has given property investors a potential capital gain of 9.68% across each of those five years.
Property investors looking for a bargain in Sorrento should be aiming for at least -6.57% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 19 properties changed hands in Sorrento, which puts it as the 85th most active market in WA when comparing the number of sales per suburb.
Sorrento, 6020’s gross rental yield is 4.40%