Property investors who have had real estate in Sorell, 7172 should be relatively pleased with this TAS suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 10.61%
When looking at the potential capital gains offered to property investors over the last 3 years, Sorell comes in at number 103th in TAS.
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 Sorell, 7172. Typically our figures indicate that -5.06% is being offered, which puts this TAS suburb at 2149th most discounted overall in Australia.
Renters in Suburb are facing rents around $4500 per annum or $375 every week.
Sorell is in the bottom 20% in TAS when comparing median price capital growth over the last year. Sorell gave property investors a dismal capital gain figure when compared to the rest of the state, with -8.93%.
While Sorell,7172 ranked number 45th in TAS for increase in median house value (annualised) increase, it is ranked 36th over the last 5 years.
Property investors looking for a bargain in Sorell should be aiming for at least -6.03% off the asking price, which is the average vendor discount being achieved at the moment.
A $325 per week rent on the median house gives suburb investors a gross yield of circa 6.63%, without taking into account capital value appreciation, which has been averaging out at 2.88%.