Suburb Profile Report for Sorell TAS (7172)

Sorell House: Median price $365,000, Annual capital growth 3.35%, Number of sales 74, Weekly median advertised rent $375

Sorell Unit: Median price $255,000, Annual capital growth 2.88%, Number of sales 27, Weekly median advertised rent $325

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

Source: CoreLogic

  • House Report
  • Unit Report

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%.

Metrics i HOUSE UNIT
$365,000 $255,000
3.55% -1.54%
10.61% -8.93%
3.35% 2.88%
$375 $325
74 27
5.34% 6.63%
68.74 79.75

Source: CoreLogic

DSR Score for property investment : Very good (H), Good (U)
Find a mortgage broker in Sorell TAS
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
Chart Table
Recent sales & rentals