Sorrento is a mid-sized suburb in Western Australia within the Joondalup local government area (postcode 6020). With a population of 7,795, the suburb has a mature demographic with a median age of 47. Households earn a median income of $129K per year, with an average household size of 2.7 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Sorrento is $1.6 million, having surged 16% over the past year. Units have a median price of $578,000 (-20.9% YoY). The current median weekly rent is $925. This gives a gross rental yield of approximately 3.0%. The median monthly mortgage repayment is $2,600.
Sorrento is served by 2 schools, including 1 primary, 1 secondary. The average ICSEA score is 1112, which is well above the national average of 1,000. Public transport access includes 58 bus stops.
From an investment perspective, Sorrento offers a gross rental yield of 3.0%, rated as moderate yield. Property prices are above the state median ($1.6M/$951K), placing it in the premium segment. The price-to-income ratio of 12.4x is considered stretched. House prices have moved +16.0% year-on-year.
Sorrento is a mid-sized suburb in Western Australia within the Joondalup local government area (postcode 6020). With a population of 7,795, the suburb has a mature demographic with a median age of 47. Households earn a median income of $129K per year, with an average household size of 2.7 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Sorrento is $1.6 million, having surged 16% over the past year. Units have a median price of $578,000 (-20.9% YoY). The current median weekly rent is $925. This gives a gross rental yield of approximately 3.0%. The median monthly mortgage repayment is $2,600.
Sorrento is served by 2 schools, including 1 primary, 1 secondary. The average ICSEA score is 1112, which is well above the national average of 1,000. Public transport access includes 58 bus stops.
From an investment perspective, Sorrento offers a gross rental yield of 3.0%, rated as moderate yield. Property prices are above the state median ($1.6M/$951K), placing it in the premium segment. The price-to-income ratio of 12.4x is considered stretched. House prices have moved +16.0% year-on-year.