With a capital gain of 7.47% for the last 12 months, Sorell, 7172 has performed for property investments than its average annual 4.41% property growth over the last 5 years.
Sorell,7172 was ranked 1255 in Australia by increase in median property value over the quarter.
Sellers are offering property buyers an average discount of -4.83% to buyers in Sorell at the moment, which is less than average for the rest of TAS.
Using the current median advertised rental of $410 and the average annual increase in value of a median property of 4.41%, investors should hope to achieve an overall return of 5.29%
If you compare the increase in value of investment property in Sorell, 7172 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this TAS suburb was 17.86%.
When looking at the potential capital gains offered to property investors over the last 3 years, Sorell comes in at number 29th in TAS.
Property investors should expect to get $350 weekly from the median priced house in this suburb.