Suburb Profile Report for Sorell TAS (7172)

Sorell House: Median price $395,000, Annual capital growth 3.58%, Number of sales 79, Weekly median advertised rent $410

Sorell Unit: Median price $300,000, Annual capital growth 4.15%, Number of sales 23, Weekly median advertised rent $348

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

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

  • House Report
  • Unit Report

Giving property investors a a stable capital gain of 7.34% for the last year, Sorell, 7172 is the 1186th highest performer in Australia in this respect.

Comparing Sorell,7172 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Our latest figures would indicate that property sellers in Sorell are currently offering property investors an average price cut of -7.55% below the asking price at the moment.

At number 2035 in a list of fastest selling suburbs, Sorell is just in the top half of suburbs in Australia with an average of days on market 69 for properties listed there.

Property investors should expect to get $410 weekly from the median priced house in this suburb.

Sorell, 7172 ranked 24th in TAS when comparing growth in median property values or capital gain over the last 12 months. Sorell is one of 606 in our list for TAS

When looking at the potential capital gains offered to property investors over the last 3 years, Sorell comes in at number 36th in TAS.

Vendor discounting in Sorell is giving property investors an average Vendor Discount of around -5.68%. This puts suburb at number 14th in TAS when ranking the most discounted suburbs.

On average over the past year, suburb has had 2.00 sales per month, which equates to 24 per year.

Situated 22.01km from the CBD, Sorell is one of Sorell (M) localities in the postcode 7172.

Metrics i HOUSE UNIT
$395,000 $300,000
0.00% 2.21%
6.25% 12.57%
3.58% 4.15%
$410 $348
79 23
5.40% 6.02%
55.23729 38.2

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

DSR Score for property investment : Excellent (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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