Port Sorell is a smaller suburb in Tasmania within the Latrobe (Tas.) local government area (postcode 7307). With a population of 2,221, the suburb has a mature demographic with a median age of 52. Households earn a median income of $68K per year, with an average household size of 2.3 people. The most common occupations are technicians & trades, professionals, community & personal service. The top ancestries reported are English, Australian, Scottish.
The median house price in Port Sorell is $719,000, having dipped slightly 0.2% over the past year. Units have a median price of $465,000 (+3.3% YoY). The median weekly rent is $275 (Census 2021). This gives a gross rental yield of approximately 2.0%. The median monthly mortgage repayment is $1,356.
Port Sorell is served by 1 school, including 1 primary. The average ICSEA score is 994, which is around the national average of 1,000. Public transport access includes 7 bus stops.
From an investment perspective, Port Sorell offers a gross rental yield of 2.0%, rated as low yield. Property prices are near the state median ($719K/$750K). The price-to-income ratio of 10.6x is considered stretched. House prices have moved -0.2% year-on-year.
Port Sorell is a smaller suburb in Tasmania within the Latrobe (Tas.) local government area (postcode 7307). With a population of 2,221, the suburb has a mature demographic with a median age of 52. Households earn a median income of $68K per year, with an average household size of 2.3 people. The most common occupations are technicians & trades, professionals, community & personal service. The top ancestries reported are English, Australian, Scottish.
The median house price in Port Sorell is $719,000, having dipped slightly 0.2% over the past year. Units have a median price of $465,000 (+3.3% YoY). The median weekly rent is $275 (Census 2021). This gives a gross rental yield of approximately 2.0%. The median monthly mortgage repayment is $1,356.
Port Sorell is served by 1 school, including 1 primary. The average ICSEA score is 994, which is around the national average of 1,000. Public transport access includes 7 bus stops.
From an investment perspective, Port Sorell offers a gross rental yield of 2.0%, rated as low yield. Property prices are near the state median ($719K/$750K). The price-to-income ratio of 10.6x is considered stretched. House prices have moved -0.2% year-on-year.