Suburb Profile Report for Port Sorell TAS (7307)

Port Sorell House: Median price $389,000, Annual capital growth 1.59%, Number of sales 47, Weekly median advertised rent $325

Port Sorell Unit: Median price $291,750, Annual capital growth 6.20%, Number of sales 11, Weekly median advertised rent N/A

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

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

TAS has seen average median house prices change by 8.73% which means that Port Sorell, 7307 has done well for property investors by showing a capital gain of 11.14% over the last year

Comparing Port Sorell,7307 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

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 Port Sorell, 7307. Typically our figures indicate that -6.44% is being offered, which puts this TAS suburb at 1463th most discounted overall in Australia.

At number 2836 in a list of fastest selling suburbs, Port Sorell is in the bottom 30% of suburbs in Australia with an average of days on market 100.088 for properties listed there.

With the median price for a house in Port Sorell being $389000 and the advertised rent reaching $325 the gross rental yield for property investors calculates out to be 4.34%

With a capital gain of 15.32% for the last 12 months, Port Sorell, 7307 has performed for property investments than its average annual 6.20% property growth over the last 5 years.

Across a shorter period, Port Sorell, 7307 has seen a median price increase of 15.32% over the last quarter.

In the last year 11 properties changed hands in Port Sorell, which puts it as the 61th most active market in TAS when comparing the number of sales per suburb.

Metrics i HOUSE UNIT
$389,000 $291,750
1.04% 15.32%
11.14% 15.32%
1.59% 6.20%
$325 N/A
47 11
4.34% N/A
100.088235294118 N/A

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Balanced (U)
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Demographics
Total population 1801
Median household income ($/weekly) 908
Median age of persons 45
Median housing loan repayment ($/monthly) 1260
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 229 12.7
    35-44 years 251 13.9
    45-54 years 318 17.7
    55-64 years 306 17.0
    65-74 years 194 10.8
    Others 503 27.9
    Age Group
    Census Count Percent(%)
    Registered Married 716 54.6
    Not Married 449 34.2
    Defacto Relationship 147 11.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 1499 87.7
    New Zealand 16 0.9
    Papua New Guinea 19 1.1
    United Kingdom 110 6.4
    Other 24 1.4
    Others 42 2.5
    Country of Birth
    Census Count Percent(%)
    Christianity 1069 66.3
    No Religion 526 32.6
    Buddhism 13 0.8
    Other Religious Groups 5 0.3
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 69 11.2
    $400-$599 87 14.1
    $600-$799 65 10.5
    $800-$999 60 9.7
    $1,500-$1,999 77 12.5
    Others 259 42.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 572 40.0
    Employed, worked full-time 466 32.6
    Employed, worked part-time 272 19.0
    Employed, away from work 67 4.7
    Unemployed, looking for work 54 3.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 99 12.3
    Professionals 133 16.5
    Technicians & trades workers 150 18.7
    Clerical & administrative workers 90 11.2
    Labourers 106 13.2
    Others 226 28.1
    Occupation
    Census Count Percent(%)
    Pre-school 17 4.6
    Infants/Primary 153 41.2
    Secondary 113 30.5
    Technical or Further Educational Institution 56 15.1
    University or other Tertiary Institutions 26 7.0
    Others 6 1.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1540 94.1
    Flat, unit or apartment 43 2.6
    Semi-detached, row or terrace house, townhouse 28 1.7
    Caravan, cabin, houseboat 18 1.1
    House or flat attached to a shop, office 7 0.4
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 293 42.7
    Being purchased 244 35.6
    Rented 144 21.0
    Other tenure type 5 0.7
    Tenure Type
Census 2011, ABS
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