Suburb Profile Report for Sorrento WA (6020)

Sorrento House: Median price $859,500, Annual capital growth 2.61%, Number of sales 106, Weekly median advertised rent $600

Sorrento Unit: Median price $393,000, Annual capital growth 4.29%, Number of sales 17, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report
  • Unit Report

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.

HOUSE UNIT
$859,500 $393,000
-6.32% -7.53%
-16.25% -11.69%
2.61% 4.29%
$600 $350
106 17
3.63% 4.63%
80.55 146.33

Source: CoreLogic

DSR Score for property investment : Balanced (H), Balanced (U)
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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