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Investment Property Sorrento, VIC, 3943

Suburb Snapshot

Sorrento is a suburb in the Mornington Peninsula Region of Victoria. Sorrento has a population of 1,596 people and 3.31% of its occupants live in rental accommodation. The median listing price for houses is $1,800,000 and this has changed -21.74% over the past year and changed -21.74% over 2 years.

The median rent in Sorrento for houses is $690 per week and the median rental yield is 1.99%. Stock on the market for houses/townhouses has changed -13.64% compared to last year and the average time to sell a house/townhouse is 113 days.The median listing price for units is $2,090,000 and this has changed -2.57% over the past year. The average unit takes 330 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, Mornington Peninsula

0.66%

Current vacancy rate


21

Rental stock available


1,596

Population


3.31%

Rental population


0.58%

Current vacancy rate


564

Rental stock available


154,997

Population


14.32%

Rental population


0.94%

Current vacancy rate


29,256

Rental stock available


5,926,624

Population


24.77%

Rental population


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Statistical data for Sorrento, Mornington Peninsula

  House Townhouses Units
Median listing price $1,800,000 NA $2,090,000
Median price change - last quarter -2.71% NA -1.30%
Median price change - 1 year -21.74% NA -2.57%
Median price change - 2 years -21.74% NA NA
  House Townhouses Units
Median weekly rent $690 NA NA
Median yield % 1.99% NA NA
Median rent change - 1 year -8.00% NA NA
  House Units
Previous month sales 8 0
Stock on market previous month 57 13
Stock variance vs. last year -13.64% 30.00%
Average days on market 113 330

Sorrento investment property listings

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