Sorrento, VIC 3943

Sorrento, VIC 3943

Compare Part of Mornington Peninsula

61.54 km
Distance from CBD
2 k
Population
Median Sale Price
House
$1.43M
Updated on Aug 2020
2 BR
$1.04M
3 BR
$1.2M
4 BR
$1.68M
Unit
$875K
Updated on Aug 2020
1 BR
-
2 BR
$1.02M
3 BR
$843K
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
$1,325,000
+14.3% $620,000 $3,850,000 101
2018
$1,380,000
+4.0% $760,000 $3,860,000 103
2019
$1,380,000
0.0% $835,000 $9,600,000 107
2020
$1,360,000
-1.5% $891,000 $4,634,000 73
Median Sale Price
$1.36M
Based on 101 recorded sales within the last 12 months
Updated on 30 Oct 2020
Suburb Growth
-5.1%
Current Median Price: $1,360,000
Previous Median Price: $1,430,000
Based on 197 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Sep 2020)
Price Range Segments (12 months ending Sep 2020)
Median Weekly Rent Price
House
$650
Updated on Aug 2020
2 BR
$360
3 BR
$550
4 BR
$700
Unit
$455
Updated on Aug 2020
1 BR
$385
2 BR
$440
3 BR
$748
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
$700
+25.7% $360 $2,500 24
Median Rent Price
$700
per week
Based on 27 recorded rent within the last 12 months
Updated on 30 Oct 2020
Rent Price Growth
+25.7%
Current Median Rent: $700
Previous Median Rent: $520
Based on 67 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+2.7%
Current Median Price: $1,360,000
Current Median rent: $700
Based on 128 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Sep 2020)

Auction Results For Sorrento

Houses sold in Last 12 months ends 24 Oct 2020

$1.65M

Median Sale Price

100%

Clearance Rate

6/6

Sold/Reported

$1.65M

Highest Sale Price

Sold Price Range No. of Sold Properties
$1.6 M - $1.8 M
(Median Price Range)
1
$1.2 M - $1.4 M 1

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