Property investors who have had real estate in Sorell, 7172 should be ok 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 12.71%
Sorell,7172 has offered an average of 12.71% return per annum in house price rises to property investors over the last three years.
Our latest figures would indicate that property sellers in Sorell are currently offering property investors an average price cut of 0.00% below the asking price at the moment.
Using the current median advertised rental of $0 and the average annual increase in value of a median property of 8.11%, investors should hope to achieve an overall return of 0.00%
Sorell has had a A very good year for property investment returns compared to the rest of TAS, giving investors a capital gain of 29.17% to date .
Over the longer term, Sorell has seen property prices show investors a 0.00% return over the last 3 years. This is an improvement over the last 12 months
Vendor discounting in Sorell is giving property investors an average Vendor Discount of around 0.00%. This puts suburb at number 36th in TAS when ranking the most discounted suburbs.
At number 1769 in a list of fastest selling suburbs, Sorell is in the bottom 20% of suburbs in Australia with an average of days on market 72.5 for properties listed there.
The TAS suburb of Sorell, 7172 is in the Sorell (M) local government area.
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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.