Suburb Profile Report for Sorell TAS (7172)

Sorell House: Median price $417,500, Annual capital growth 4.00%, Number of sales 77, Weekly median advertised rent $420

Sorell Unit: Median price $349,000, Annual capital growth 5.34%, Number of sales 33, Weekly median advertised rent $350

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

Source: Monthly data update for Mar 2020 as supplied by CoreLogic. Data is reported to the period ending Dec 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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  • House Report
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Property value increases in Sorell have tracked close to the TAS average of 7.07% over the last 12 months.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Sorell has increased when compared to the 5 year average annual rate.

LACK OF BUYER INTEREST may well be the reason that Sorell is offering property investors an average of -5.55. This rate of discount on properties puts Suburb at number 77th in terms of most discounted suburbs in TAS

Using the current median advertised rental of $420 and the average annual increase in value of a median property of 4.00%, investors should hope to achieve an overall return of 5.23%

TAS has seen average median house prices change by 6.48% which means that Sorell, 7172 has done well for property investors by showing a capital gain of 19.32% over the last year

Sorell,7172 has offered an average of 19.32% return per annum in house price rises to property investors over the last three years.

Renters in Suburb are facing rents around $18200 per annum or $350 every week.

Information supplied by:




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Sorell, TAS – Rural charm keeps this suburb going

Postcode: 7172

Median unit price: $336,000

Three-year growth: 21.1%

Rental yield: 5.4%

One of the oldest farming towns on the Apple Isle, the suburb of Sorell is a throwback to the simple, charming rural lifestyle while staying close to the comforts of the city.

Sorell is just a short distance from Hobart, but it is a world in itself. Surrounded by fields and farms, the suburb produces heralded varieties of stone fruit and berries art the Sorell Fruit Farm. The Orielton Lagoon houses local flora and fauna, and serves as a stop for shorebirds migrating across the world. The suburb also revels in its history, with buildings like St George’s Anglican church and the Sorell Barracks.  

Metrics i HOUSE UNIT
$417,500 $349,000
0.60% 3.87%
5.70% 19.32%
4.00% 5.34%
$420 $350
77 33
5.23% 5.21%
38.3559322033898 47

Source: Monthly data update for Mar 2020 as supplied by CoreLogic. Data is reported to the period ending Dec 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 2475
Median household income ($/weekly) 879
Median age of persons 44
Median housing loan repayment ($/monthly) 1419
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 280 11.3
    25-34 years 245 9.9
    35-44 years 298 12.0
    45-54 years 331 13.4
    55-64 years 294 11.9
    Others 1028 41.5
    Age Group
    Census Count Percent(%)
    Registered Married 947 52.0
    Not Married 683 37.5
    Defacto Relationship 192 10.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 2178 93.4
    Greece 5 0.2
    Papua New Guinea 14 0.6
    United Kingdom 98 4.2
    Other 9 0.4
    Others 29 1.2
    Country of Birth
    Census Count Percent(%)
    Christianity 1669 74.3
    No Religion 571 25.4
    Other Religious Groups 4 0.2
    Buddhism 3 0.1
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 100 11.3
    $400-$599 148 16.7
    $600-$799 106 12.0
    $800-$999 100 11.3
    $1,500-$1,999 100 11.3
    Others 333 37.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 855 44.4
    Employed, worked full-time 632 32.8
    Employed, worked part-time 303 15.7
    Employed, away from work 75 3.9
    Unemployed, looking for work 59 3.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 138 13.7
    Technicians & trades workers 161 15.9
    Clerical & administrative workers 174 17.2
    Sales 129 12.8
    Labourers 121 12.0
    Others 287 28.4
    Occupation
    Census Count Percent(%)
    Pre-school 17 3.9
    Infants/Primary 201 45.6
    Secondary 132 29.9
    Technical or Further Educational Institution 50 11.3
    University or other Tertiary Institutions 29 6.6
    Others 12 2.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1942 84.5
    Semi-detached, row or terrace house, townhouse 223 9.7
    Flat, unit or apartment 126 5.5
    House or flat attached to a shop, office 4 0.2
    Caravan, cabin, houseboat 3 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 351 37.3
    Being purchased 346 36.7
    Rented 242 25.7
    Other tenure type 3 0.3
    Tenure Type
Census 2011, ABS
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