WA has seen average median house prices change by -2.18% which means that Sorrento, 6020 has not done well for property investors by showing a capital gain of -2.17% over the last year
When looking at the potential capital gains offered to property investors over the last 3 years, Sorrento comes in at number 136th in WA.
Sellers are offering property buyers an average discount of -5.66% to buyers in Sorrento at the moment, which is less than average for the rest of WA.
Advertised rents are around the $545 mark per week – giving a return of 3.15% based on the median price in Suburb
Sorrento has had a pretty good year for property investment returns compared to the rest of WA, giving investors a capital gain of 1.30% to date .
When looking at the potential capital gains offered to property investors over the last 3 years, Sorrento comes in at number 10th in WA.
With the median price for a house in Sorrento being $390000 and the advertised rent reaching $355 the gross rental yield for property investors calculates out to be 4.73%
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Affluent suburb maintains its ground
Median house price: $891,500
Stock on market: -20.7%
12-month growth: -2.5%
Located in the northern coast of Perth, the suburb of Sorrento is aiming to stem a downturn by reducing house and unit stock by 20.7%.
This initiative seems to have helped the housing market as prices inched upwards by nearly 2% in the June 2017 quarter, although growth was still negative for the 12-month period leading up to July 2017.
Sorrento is fairly rich in amenities, making it a popular residential area. Several parks have been established here for recreational use, including the Marmion Marine Park. Sorrento Quay is packed with shops and restaurants, although residents can also do their shopping at nearby Seacrest Village shopping centre, Whitford City and Centro Warwick. The suburb is also home to Sorrento Primary School and Sacred Heart College.