Sorrento, VIC 3943
Compare Part of Mornington Peninsula
61.54 km
Distance from Melbourne CBD
2 k
Population
Median Sale Price
House
-
Updated on Feb 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Feb 2024
1 BR - | 2 BR - | 3 BR - |
Monthly Median Sale Price Market Trend
Sales Statistics (Houses)
| Year | Median | Growth | Low | High | # Sales |
|---|---|---|---|---|---|
| 2009 | $715,000 | 0.0% | $355,000 | $3,000,000 | 89 |
| 2010 | $855,000 | +16.4% | $265,000 | $5,125,000 | 134 |
| 2011 | $880,000 | +2.8% | $322,600 | $7,100,000 | 107 |
| 2012 | $750,000 | -17.3% | $500,000 | $2,250,000 | 80 |
| 2013 | $772,500 | +2.9% | $450,000 | $4,500,000 | 104 |
| 2014 | $810,000 | +4.6% | $447,500 | $4,200,000 | 128 |
| 2015 | $918,000 | +11.8% | $516,000 | $3,625,000 | 122 |
| 2016 | $1,135,000 | +19.1% | $470,000 | $7,580,000 | 109 |
| 2017 | $1,350,000 | +15.9% | $620,000 | $3,850,000 | 101 |
| 2018 | $1,380,000 | +2.2% | $760,000 | $3,860,000 | 103 |
| 2019 | $1,440,000 | +4.2% | $815,000 | $9,600,000 | 107 |
| 2020 | $1,585,000 | +9.1% | $891,000 | $4,800,000 | 126 |
| 2021 | $2,230,000 | +28.9% | $1,374,000 | $6,255,000 | 119 |
| 2022 | $2,370,000 | +5.9% | $1,390,000 | $7,403,000 | 83 |
| 2023 | $2,115,000 | -12.1% | $1,100,000 | $7,500,000 | 84 |
| 2024 | $2,700,000 | +21.7% | $1,333,000 | $2,700,000 | 26 |
Median Sale Price
$2.1M
Based on 79 recorded sales within the last 12 months
Updated on 19 Apr 2024
Suburb Growth
-7.1%
Current Median Price: $2,100,000
Previous Median Price: $2,250,000
Based on 154 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Mar 2024)
Price Range Segments (12 months ending Mar 2024)
Median Weekly Rent Price
House
-
Updated on Feb 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Feb 2024
1 BR - | 2 BR - | 3 BR - |
Monthly Median Rent Price Market Trend
Rent Statistics (Houses)
| Year | Median | Growth | Low | High | # Rents |
|---|---|---|---|---|---|
| 2011 | $370 | 0.0% | $200 | $3,000 | 34 |
| 2012 | $450 | +17.8% | $295 | $950 | 21 |
| 2013 | $450 | 0.0% | $230 | $2,500 | 57 |
| 2014 | $420 | -7.1% | $240 | $2,300 | 71 |
| 2015 | $495 | +15.2% | $270 | $4,000 | 47 |
| 2016 | $460 | -7.6% | $300 | $2,383 | 39 |
| 2017 | $550 | +16.4% | $310 | $9,500 | 44 |
| 2018 | $550 | 0.0% | $250 | $3,000 | 39 |
| 2019 | $520 | -5.8% | $280 | $990 | 39 |
| 2020 | $720 | +27.8% | $360 | $2,500 | 26 |
| 2021 | $800 | +10.0% | $550 | $1,500 | 28 |
| 2022 | $950 | +15.8% | $480 | $2,200 | 36 |
| 2023 | $830 | -14.5% | $450 | $2,500 | 57 |
| 2024 | $795 | -4.4% | $550 | $1,600 | 9 |
Median Rent Price
$785
per week
Based on 42 recorded rent within the last 12 months
Updated on 19 Apr 2024
Rent Price Growth
-26.1%
Current Median Rent: $785
Previous Median Rent: $990
Based on 88 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+1.9%
Current Median Price: $2,100,000
Current Median rent: $785
Based on 121 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Mar 2024)
Auction Results For Sorrento
Houses sold in Last 12 months ends 13 Apr 2024
$0M
Median Sale Price
50%
Clearance Rate
2/4
Sold/Reported
$0M
Highest Sale Price
Schools closest to Sorrento, VIC 3943
| School name | Address | Type | Sector | Distance |
|---|---|---|---|---|
| St Joseph's Primary School | CONSTITUTION HILL RDSORRENTO 3943 | Primary | Catholic | 0.13 km |
| Sorrento Primary School | KERFERD AVENUESorrento 3943 | Primary | Government | 0.28 km |