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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 -21.06% over 2 years.

The median rent in Sorrento for houses is $695 per week and the median rental yield is 2.00%. Stock on the market for houses/townhouses has changed -24.59% compared to last year and the average time to sell a house/townhouse is 118 days.The median listing price for units is $2,117,500 and this has changed -1.29% over the past year. The average unit takes 357 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

0.73%

Current vacancy rate


23

Rental stock available


1,596

Population


3.31%

Rental population


0.56%

Current vacancy rate


541

Rental stock available


154,997

Population


14.32%

Rental population


0.93%

Current vacancy rate


28,886

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 $2,117,500
Median price change - last quarter -2.71% NA -1.30%
Median price change - 1 year -21.74% NA -1.29%
Median price change - 2 years -21.06% NA NA
  House Townhouses Units
Median weekly rent $695 NA NA
Median yield % 2.00% NA NA
Median rent change - 1 year -7.34% NA NA
  House Units
Previous month sales 6 1
Stock on market previous month 46 13
Stock variance vs. last year -24.59% 18.18%
Average days on market 118 357

Sorrento investment property listings

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