Investment property in Sorell has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 6.88%
Over the longer term, Sorell has seen property prices show investors a 24.64% return over the last 3 years. This is worse than over the last 12 months
The most recent median price for Sorell is $427500, with sellers offering an average of -3.93% off the asking price.
Using the current median advertised rental of $420 and the average annual increase in value of a median property of 2.85%, investors should hope to achieve an overall return of 5.11%
Sorell, 7172 ranked 29th 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
Sorell,7172 has offered an average of 9.68% return per annum in house price rises to property investors over the last three years.
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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.