Suburb Profile Report for Sorrento WA (6020)

Sorrento House: Median price $913,500, Annual capital growth 2.12%, Number of sales 125, Weekly median advertised rent $540

Sorrento Unit: Median price $365,000, Annual capital growth 3.01%, Number of sales 15, Weekly median advertised rent $390

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

Source: CoreLogic

  • House Report
  • Unit Report

Property investors who have had real estate in Sorrento, 6020 should be relatively unhappy with this WA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -0.14%

A 5.00% growth in median value for property investors in Sorrento,6020 puts this suburb at number 55th in terms of best performing suburbs in WA

State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.24% offered to property buyers. Sellers in Sorrento itself are offering an average vendor discount of -6.15% to real estate investors.

Situated 16.91km from the CBD, Sorrento is one of Joondalup localities in the postcode 6020.

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 -14.62%.

Taking the average capital gain, or increase in median house value, Sorrento,6020 has racked up an average of -14.62% over the period. This ranks it number 1529th in the whole country for real estate investors looking at median house price increases.

Property buyers and investors in Sorrento 6020 should be seeing an average reduction in asking price of around -9.82% . This means that Sorrento is holding prices well when compared to other suburbs in WA.

With the median price for a house in Sorrento being $365000 and the advertised rent reaching $390 the gross rental yield for property investors calculates out to be 5.56%

Metrics i HOUSE UNIT
$913,500 $365,000
3.63% -7.94%
-0.14% -14.62%
2.12% 3.01%
$540 $390
125 15
3.07% 5.56%
69.35 177.42

Source: CoreLogic

DSR Score for property investment : Balanced (U), Balanced (H)
Find a mortgage broker in Sorrento WA
Demographics
Total population 7371
Median household income ($/weekly) 2065
Median age of persons 43
Median housing loan repayment ($/monthly) 2167
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 944 12.8
    35-44 years 880 11.9
    45-54 years 1251 17.0
    55-64 years 1283 17.4
    65-74 years 661 9.0
    Others 2352 31.9
    Age Group
    Census Count Percent(%)
    Registered Married 3329 60.1
    Not Married 1925 34.7
    Defacto Relationship 286 5.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 4805 68.7
    Papua New Guinea 146 2.1
    South Africa 250 3.6
    United Kingdom 898 12.8
    Other 244 3.5
    Others 654 9.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 69 1.0
    Christianity 5172 76.7
    Hinduism 43 0.6
    Islam 47 0.7
    No Religion 1371 20.3
    Others 43 0.6
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 212 9.6
    $2,000-$2,499 194 8.8
    $2,500-$2,999 336 15.3
    $3,000-$3,499 242 11.0
    $4,000 or more 238 10.8
    Others 978 44.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2186 37.9
    Not in the labour force 1763 30.5
    Employed, worked part-time 1473 25.5
    Employed, away from work 232 4.0
    Unemployed, looking for work 120 2.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 649 16.7
    Professionals 1078 27.7
    Technicians & trades workers 450 11.6
    Clerical & administrative workers 628 16.1
    Sales 414 10.6
    Others 675 17.3
    Occupation
    Census Count Percent(%)
    Pre-school 81 4.4
    Infants/Primary 625 33.8
    Secondary 534 28.9
    Technical or Further Educational Institution 110 5.9
    University or other Tertiary Institutions 476 25.7
    Others 24 1.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6324 92.2
    Flat, unit or apartment 460 6.7
    Semi-detached, row or terrace house, townhouse 76 1.1
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1194 47.8
    Being purchased 930 37.2
    Rented 367 14.7
    Other tenure type 9 0.4
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals