Sorell is in the bottom 40% in TAS when comparing median price capital growth over the last year. Sorell gave property investors a disappointing capital gain figure when compared to the rest of the state, with 7.14%.
Sorell,7172 has offered an average of 7.14% return per annum in house price rises to property investors over the last three years.
Property investors looking for a bargain in Sorell should be aiming for at least -5.77% off the asking price, which is the average vendor discount being achieved at the moment.
On average over the past year, suburb has had 5.83 sales per month, which equates to 70 per year.
Sorell is 65th on a list of best yielding suburbs for rents in TAS with a 5.34% return
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 -2.37%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Sorell has increased when compared to the 5 year average annual rate.
At number 12th of TAS’s most discounted properties, Sorell is in the bottom 30% of the state/territory when listing in order of most discounted to least.
Advertised rents are around the $332.5 mark per week – giving a return of 6.46% based on the median price in Suburb