WA has seen average median house prices change by -3.96% which means that Sorrento, 6020 has not done well for property investors by showing a capital gain of -4.52% over the last year
While Sorrento,6020 ranked number 194th in WA for increase in median house value (annualised) increase, it is ranked 245th over the last 5 years.
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 -6.09% is being offered, which puts this WA suburb at 1598th most discounted overall in Australia.
Advertised rents are around the $550 mark per week – giving a return of 3.19% based on the median price in Suburb
Sorrento is in the bottom 20% 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 -14.12%.
Across a shorter period, Sorrento, 6020 has seen a median price increase of -6.17% over the last quarter.
Sorrento, 6020 is offering WA ‘s 39th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 40% of discounts offered by this WA.
Residents and property investors in Sorrento have been waiting around 176.73 days to sell a property.
Sorrento is 28th on a list of best yielding suburbs for rents in WA with a 5.09% return