Located in Tasmania within the Latrobe (Tas.) local government area, Port Sorell is a smaller suburb (postcode 7307). With a population of 2,221, the suburb has a settled, mature resident base with a median age of 52. Households earn a median income of $68K per year, with an average household size of 2.3 people. TAS employment has moved -0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. TAS also had 19 Commonwealth-backed major projects under construction, 0 underway, and 16 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are technicians & trades, professionals, community & personal service. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Scottish.
Port Sorell has a median house price of $719,000, holding roughly steady year-on-year. Units have a median price of $465,000 (+3.3% YoY). The current median weekly rent is $535. This gives a gross rental yield of approximately 3.9%. 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.
Looking at the investment signals, Port Sorell shows a gross rental yield of approximately 3.9%, rated as moderate 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.