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Investment Property Sorrento, WA, 6020

Suburb Snapshot

Sorrento is a suburb in the Joondalup Region of Western Australia. Sorrento has a population of 7,340 people and 11.56% of its occupants live in rental accommodation. The median listing price for houses is $1,600,000 and this has changed 10.34% over the past year and changed 33.33% over 2 years.

The median rent in Sorrento for houses is $990 per week and the median rental yield is 3.21%. Stock on the market for houses/townhouses has changed -28.21% compared to last year and the average time to sell a house/townhouse is 75 days.The median listing price for units is $1,430,000 and this has changed 3.62% over the past year. The average unit takes 162 days to sell and the median rent for a unit in Sorrento is NA per week, producing a rental yield of NA.

Supply & Demand in Sorrento, Joondalup

0.26%

Current vacancy rate


8

Rental stock available


7,340

Population


11.56%

Rental population


0.39%

Current vacancy rate


252

Rental stock available


154,445

Population


15.71%

Rental population


0.61%

Current vacancy rate


7,509

Rental stock available


2,474,414

Population


23.98%

Rental population


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Statistical data for Sorrento, Joondalup

  House Townhouses Units
Median listing price $1,600,000 NA $1,430,000
Median price change - last quarter 0.00% NA 125.37%
Median price change - 1 year 10.34% NA 3.62%
Median price change - 2 years 33.33% NA NA
  House Townhouses Units
Median weekly rent $990 NA NA
Median yield % 3.21% NA NA
Median rent change - 1 year 20.00% NA NA
  House Units
Previous month sales 3 1
Stock on market previous month 28 7
Stock variance vs. last year -28.21% -22.22%
Average days on market 75 162

Sorrento investment property listings

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