WA has seen average median house prices change by -5.25% which means that Sorrento, 6020 has not done well for property investors by showing a capital gain of -16.25% over the last year
Sorrento,6020 was ranked 3773 in Australia by increase in median property value over the quarter.
The most recent median price for Sorrento is $859500, with sellers offering an average of -7.09% off the asking price.
If you compare the increase in value of investment property in Sorrento, 6020 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this WA suburb was -11.69%.
Over the longer term, Sorrento has seen property prices show investors a 14.91% return over the last 3 years. This is worse than 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 Sorrento, 6020. Typically our figures indicate that -6.01% is being offered, which puts this WA suburb at 484th most discounted overall in Australia.
Often selling an investment property can take time, and in Sorrento the average time real estate has been on the market is 146.33 days.
The WA suburb of Sorrento, 6020 is in the Joondalup local government area.