Sorell is an average performer in TAS when comparing median price capital growth over the last year. Sorell gave property investors a average capital gain figure when compared to the rest of the state, with 16.37%.
Over the longer term, Sorell has seen property prices show investors a 31.96% return over the last 3 years. This is worse than over the last 12 months
On average over the past year, suburb has had 4.67 sales per month, which equates to 56 per year.
TAS has seen average median house prices change by 8.44% which means that Sorell, 7172 has done well for property investors by showing a capital gain of 12.50% over the last year
While Sorell,7172 ranked number 42th in TAS for increase in median house value (annualised) increase, it is ranked 16th over the last 5 years.
Advertised rents are around the $377.5 mark per week – giving a return of 4.85% based on the median price in Suburb
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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.