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Sorell, TAS 7172
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$730,000
market range $700K-$775K
Median Unit
$570,000
market range $525K-$600K
Gross Yield (houses)
4.5%
1yr Growth (houses)
+14.8%
market range +7.5% to +20.0%
Investment snapshot for Sorell
Sorell has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Sorell market and investor summary
Sorell (TAS 7172) runs a median house price of $730K, with houses yielding a gross 4.5%. House prices have moved +14.8% over the past year. At 1.8% vacancy, it is a tight rental market that favours landlords.
For an investor, the rent-to-price profile sits mid-range: a gross house yield near 4.5% is neither a standout cashflow play nor a pure growth bet. Rental demand looks steady, with vacancy at 1.8% and a resident base that is not shrinking.
Living in Sorell: people, income and schools
Sorell is home to around 3,597 people, and the area has been growing steadily, up about 10% over five years. The median age is 41, skewed a little older, and 71% of homes are owner-occupied.
Households here earn a median of about $68,000 a year, or roughly $1,320 a week. On socio-economic measures it ranks toward the more disadvantaged end of the ABS advantage index (2 out of 10). At current prices a median house runs to a steep 10.7 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 18% over five years, which tends to underpin what local buyers can pay.
There are 2 schools within about 5km, testing below the national school average on ICSEA. It is roughly 22 km from the CBD. It is fairly car-dependent; the suburb scores 44 for walkability and 3 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Premises.
- Population
- 3,597
- +10% over 5yr
- Median age
- 41 years
- Median household income
- $68,000/yr
- Households renting
- 27%
- Family households
- 69%
- Socio-economic rank
- 2/10
- ABS advantage index
- Schools within 5km
- 2
- avg ICSEA 947
- Unemployment
- 3.8%
- Distance to CBD
- 22 km
- Walk score
- 44/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Sorell
No properties currently listed in Sorell
Search Sorell listings →Frequently asked questions about Sorell
What should I check before investing in Sorell?
Sorell has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.7% gives a usable rent-to-price starting point. Capital growth of +14.8% in the past year shows strong recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Sorell?
The median property price in Sorell, TAS 7172 is $730K for houses and $570K for units.
What rental yield does Sorell show?
The gross rental yield in Sorell is 4.5% for houses and 4.7% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Sorell?
House prices in Sorell are up 14.8% over the past year. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Sorell?
The current vacancy rate in Sorell is 1.8%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Sorell?
Sorell has a population of approximately 3,597 residents, with a median age of 41.
What schools are near Sorell?
There are 2 schools within roughly 5km of Sorell. Their average ICSEA is below the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Sorell affordable to buy in?
A median house in Sorell costs about 10.7 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Sorell's population growing?
The population of Sorell has grown about 10% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Sorell from the CBD?
Sorell is about 22 km from the CBD.
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