Over the last year, property investments in Sorrento, 6020 have given investors a capital gain of 6.32%. This compares very favourably with the -2.32% for WA as a whole.
Comparing Sorrento,6020 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
In the last year 116 properties changed hands in Sorrento, which puts it as the 77th most active market in WA when comparing the number of sales per suburb.
With the median price for a house in Sorrento being $925000 and the advertised rent reaching $575 the gross rental yield for property investors calculates out to be 3.23%
At number 1711th in the list of Australian suburbs ordered by increase in median house value over the last year, Sorrento, 6020 is in the BOTTOM 10% with a property value increase of -25.29% recorded in median house prices.
If we look at median property appreciation over just the last three months, Sorrento has given property investors a paper return of -15.33%. This puts Suburb as 112 on a list of fastest fasting appreciating suburbs in WA
Renters in Suburb are facing rents around $4320 per annum or $360 every week.