Suburb Profile Report for Port Sorell TAS (7307)

Port Sorell House: Median price $385,000, Annual capital growth 2.00%, Number of sales 46, Weekly median advertised rent $330

Port Sorell Unit: Median price $253,000, Annual capital growth 1.61%, Number of sales 10, Weekly median advertised rent N/A

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

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Property investors who have had real estate in Port Sorell, 7307 should be 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 6.35%

Taking the average capital gain, or increase in median house value, Port Sorell,7307 has racked up an average of 6.35% over the period. This ranks it number 1240th in the whole country for real estate investors looking at median house price increases.

LACK OF BUYER INTEREST may well be the reason that Port Sorell is offering property investors an average of -5.70. This rate of discount on properties puts Suburb at number 22th in terms of most discounted suburbs in TAS

Often selling an investment property can take time, and in Port Sorell the average time real estate has been on the market is 110.355 days.

A $330 per week rent on the median house gives suburb investors a gross yield of circa 4.46%, without taking into account capital value appreciation, which has been averaging out at 2.00%.

Port Sorell is an average performer in TAS when comparing median price capital growth over the last year. Port Sorell gave property investors a average capital gain figure when compared to the rest of the state, with 1.61%.

Metrics i HOUSE UNIT
$385,000 $253,000
10.00% N/A
6.35% 1.61%
2.00% 1.61%
$330 N/A
46 10
4.46% N/A
110.354838709677 N/A

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Above average (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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