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%.