Sorell is a smaller suburb in Tasmania within the Sorell local government area (postcode 7172). With a population of 3,597, the suburb has an established demographic with a median age of 41. Households earn a median income of $68K per year, with an average household size of 2.4 people. The most common occupations are clerical & administrative, professionals, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Sorell is $668,000, having dipped slightly 2.5% over the past year. Units have a median price of $511,000 (-1.3% YoY). The current median weekly rent is $665. This gives a gross rental yield of approximately 5.2%. The median monthly mortgage repayment is $1,517.
Sorell is served by 1 school, including 1 combined. The average ICSEA score is 924, which is below the national average of 1,000. Public transport access includes 1 rail station, 6 bus stops.
From an investment perspective, Sorell offers a gross rental yield of 5.2%, rated as high yield. Property prices are near the state median ($668K/$750K). The price-to-income ratio of 9.7x is considered moderate. House prices have moved -2.5% year-on-year.
Sorell is a smaller suburb in Tasmania within the Sorell local government area (postcode 7172). With a population of 3,597, the suburb has an established demographic with a median age of 41. Households earn a median income of $68K per year, with an average household size of 2.4 people. The most common occupations are clerical & administrative, professionals, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Sorell is $668,000, having dipped slightly 2.5% over the past year. Units have a median price of $511,000 (-1.3% YoY). The current median weekly rent is $665. This gives a gross rental yield of approximately 5.2%. The median monthly mortgage repayment is $1,517.
Sorell is served by 1 school, including 1 combined. The average ICSEA score is 924, which is below the national average of 1,000. Public transport access includes 1 rail station, 6 bus stops.
From an investment perspective, Sorell offers a gross rental yield of 5.2%, rated as high yield. Property prices are near the state median ($668K/$750K). The price-to-income ratio of 9.7x is considered moderate. House prices have moved -2.5% year-on-year.