Suburb Profile Report for Sorrento WA (6020)

Sorrento House: Median price $925,000, Annual capital growth 0.70%, Number of sales 116, Weekly median advertised rent $575

Sorrento Unit: Median price $317,500, Annual capital growth 0.10%, Number of sales 20, Weekly median advertised rent $360

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

Source: CoreLogic

  • House Report
  • Unit Report

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.

Metrics i HOUSE UNIT
$925,000 $317,500
3.06% -15.33%
6.32% -25.29%
0.70% 0.10%
$575 $360
116 20
3.23% 5.90%
N/A N/A

Source: CoreLogic

DSR Score for property investment : Good (U), Above average (H)
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Demographics
Total population 7371
Median household income ($/weekly) 2065
Median age of persons 43
Median housing loan repayment ($/monthly) 2167
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 944 12.8
    35-44 years 880 11.9
    45-54 years 1251 17.0
    55-64 years 1283 17.4
    65-74 years 661 9.0
    Others 2352 31.9
    Age Group
    Census Count Percent(%)
    Registered Married 3329 60.1
    Not Married 1925 34.7
    Defacto Relationship 286 5.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 4805 68.7
    Papua New Guinea 146 2.1
    South Africa 250 3.6
    United Kingdom 898 12.8
    Other 244 3.5
    Others 654 9.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 69 1.0
    Christianity 5172 76.7
    Hinduism 43 0.6
    Islam 47 0.7
    No Religion 1371 20.3
    Others 43 0.6
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 212 9.6
    $2,000-$2,499 194 8.8
    $2,500-$2,999 336 15.3
    $3,000-$3,499 242 11.0
    $4,000 or more 238 10.8
    Others 978 44.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2186 37.9
    Not in the labour force 1763 30.5
    Employed, worked part-time 1473 25.5
    Employed, away from work 232 4.0
    Unemployed, looking for work 120 2.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 649 16.7
    Professionals 1078 27.7
    Technicians & trades workers 450 11.6
    Clerical & administrative workers 628 16.1
    Sales 414 10.6
    Others 675 17.3
    Occupation
    Census Count Percent(%)
    Pre-school 81 4.4
    Infants/Primary 625 33.8
    Secondary 534 28.9
    Technical or Further Educational Institution 110 5.9
    University or other Tertiary Institutions 476 25.7
    Others 24 1.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6324 92.2
    Flat, unit or apartment 460 6.7
    Semi-detached, row or terrace house, townhouse 76 1.1
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1194 47.8
    Being purchased 930 37.2
    Rented 367 14.7
    Other tenure type 9 0.4
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals