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:
Sorell, TAS – Rural charm keeps this suburb going
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.