sorrento

3943, Victoria

Real Estate & Property Information

Median
Price Rank
59

sorrento Suburb Profile & Review

Like neighbouring Blairgowrie and Portsea, Sorrento offers residents the best of both worlds. It has beaches facing the calm of Port Phillip Bay, but a rougher surf back beach also faces Bass Strait. While many of Melbourne's elite own homes in the town, Sorrento has a more laid-back atmosphere than its affluent neighbours.

Ocean Beach Road is the place to go for shopping and dining. The strip includes major brand ladies clothing stores, the Athenaeum Cinema and the ever-popular Shell's cafe. For some nightlife spots the Continental Hotel and the Sorrento Hotel are always popular. The Portsea Pub is another option just up the road.

Sorrento can get quite busy during the summer season, when tourists and visitors from Melbourne flock to the area to soak up the sun. Those who prefer their entertainment indoors venture further inland to Mornington Peninsula's impressive wine region, where many cellar doors are open for tastings. Travel to the Bellarine Peninsula also couldn't be easier; the Sorrento-Queenscliff ferry carries both passengers and vehicles across Port Phillip Bay.

sorrento Demographic Data

$ 850,000 Median House Price

83 Minutes Average Commute

63 Median Age

1,448 Population

51.73 % Female

48.27 % Male

370 NO OF FAMILIES

1.7 AVG CHILDREN PER FAMILY

0.9 AVG MOTOR VEHICLE PER DWELLING

What this means

The following data, without any explanation, is just that, raw data. So in order to help you research the property market, we have outlined what this demographic and real estate information means and how it can be interpreted to help you make a smarter decision when buying or selling your next house or unit in sorrento, Victoria.

Learn more about data
X

sorrento Demographic Data

The demographic data below has been supplied by the Australian Bureau of Statistics (ABS), which is a government body. It is based on Census data collected every 5 years on the Australian population. Although it is dated 2011, this is the latest data available and should give property investors, property buyers and sellers a very good idea when researching or reviewing their suburb.

It’s important to note when looking at this data that you don’t just use it on its own. Consider this demographic and real estate data as a whole and seek advice from a professional when thinking of buying or selling your next property.

sorrento Median House Prices

  • 2008 $ 660,000
  • 2009 $ 772,500
  • 2010 $ 685,000
  • 2011 $ 850,000
  • 2012 $ 850,000

What this means

Median values are the most accepted measure of property values in the real estate industry in Australia. The median is the midpoint (the middle) figure when all the sold property prices over a particular period of time are ordered from their lowest to their highest value.

Learn more about data
X

sorrento 5 Year Median House Prices

Here we have outlined the median value for all sales for each year over a period of 5 years. This is a more realistic timeframe when gauging how houses and units in sorrento have performed, and it usually indicates how they will perform in the future.

Median values less than 3 months old are often not always accurate (due to incomplete data) and therefore cannot be relied upon for long-term sorrento property price predictions.

sorrento Market Property Types

  • 92 % Seperate House
  • 6 % Semi Detached
  • 2 % Flat or Unit
  • 0 % Other Dwelling

What this means

The property type in your suburb will help you identify the density of the area. The greater the number of flats, units and apartments, the more likely it is the suburb has a higher density of living and occupants are more reliant on public transport, cafes, restaurants, convenience stores and amenities, infrastructure and less reliant on their own vehicle for transport.

Learn more about data
X

sorrento Market Property Types

Typically, inner city suburbs within 10km of the CBD are comprised of apartments and semi-detached homes, while middle ring suburbs have semi-detached and detached properties. Rural properties would most likely fall under the “other” category.

This ABS Property Type data combined with Population Density and Family Composition figures gives a good indication of the type of people living in an area and therefore what type of property (1-2 bed apartment or house) would be an ideal investment or property to live in.

sorrento Income & Mortgage Stats

  • $ 892 Median Weekly Household Income
  • $ 1,410 Median Monthly Mortgage

What this means

This is one of the most compelling statistics in this section because it has a profound impact on real estate prices. It should always be considered when buying or selling property in sorrento

Experts believe mortgage stress occurs in real estate when property owners are spending over 30% of their gross income on their mortgage repayments. These figures show weekly income and monthly mortgages.

Learn more about data
X

sorrento Income & Mortgage Stats

To calculate the percentage of income paid towards a mortgage for the suburb of Melbourne, multiply the mortgage payment (e.g. $2450) by 12 then divide this figure by the weekly income (e.g. $1200) multiplied by 52 (weeks) to look like this ($2450 x12/$1200 x 52) x 100 = 47%

Any figure above 30% usually indicates that the suburb you intend to buy in may have property owners with a high incidence of mortgage stress. In terms of maintaining or growing property values in the future and trying to secure a strong property price when selling, this could have an impact, especially in an economic or local industry downturn.

sorrento Sold Property Prices

sorrento Real Estate Experts

In each suburb we have identified real estate agents who are active local experts. Our goal is to have a network of real estate agents that have been reviewed by previous clients for future buyers and sellers to rely on when making their next property move or even when they just wanting real estate advice.

sorrento Related Local Blog Posts

Lifestyle, Death, and Cbd Olive oil The Question Over Cbd Essential oil But to secure began with, it’s legal in all fifty places.cbd oil mint premiumjane For this reason, it’s highly recommended to utilize a better immersion to relish CBD’s positive aspects in substantially. Best users suppose that CBD basically psychoactive and won’t bring about

The Secret of States of Matter Chemistry No One Is Discussing

The Benefits of States of Matter Chemistry The half-life for lead is all about 20 decades. Typically, each lesson can be finished in around 5-10 minutes. The Italian majolica is so popular that it’s been copied and reproduced in countries throughout the world. This matter has become the most emotional and traumatic portion of the

Top Science Notebook Reviews!

Get the Scoop on Science Notebook Before You’re Too Late Lab reflections can be done after every laboratory experience and self-reflections are finished at the conclusion of each unit so students may consider the chapters covered. You need a baccalaureate so as to apply. Furthermore, all students receive a special 50% discount for so long

Branches of Science: No Longer a Mystery

The Lost Secret of Branches of Science The stored condition is subsequently utilized in a branch like jump if overflow-flag collection. Before the blockchain invention, all of the kiosk managers could do in order to reach consensus despite adversarial attempts was, for every one of them, to speak to all the others and achieve most

What exactly is a intercourse connected trait – The intercourse chromosomes are one set

What exactly is a intercourse connected trait – The intercourse chromosomes are one set In people, along with a great many other pets plus some plants, the intercourse of this person depends upon intercourse chromosomes. The intercourse chromosomes are one set of non-homologous chromosomes. As yet, we now have just considered inheritance patterns among non-sex

How To Create-Consequences Of Drunk Driving Essay

This task will investigate domain-specific prerequisites for billing, stock routine maintenance, shopper services retain monitor of drug licenses and retail prescribed drugs in India. And build a program method to automate wholesale pharmaceutical company in buy provide efficiency and productiveness, profitability into business. rnDon’t waste time! Our writers will build an authentic “The IT necessity

sorrento Restaurants

  • Via Sorrento77 Ocean Beach Rdsorrento VIC 394303 5984 3633
  • Three Palms154 Ocean Beach Rd sorrento VIC 394303 5984 1057
  • The Continental Hotel1-21 Ocean Beach Roadsorrento VIC 394303 5984 2201

sorrento Cafes

  • Just Fine Food23 Ocean Rd sorrento VIC 394303 5984 4666
  • Shells Cafe85 Ocean Beach Rd sorrento VIC 394303 5984 5133
  • All Smiles250 Ocean Beach Rd sorrento VIC 394304 0400 1165

sorrento Schools

  • St. Josephs Primary School1-15 Constitution Hill Rdsorrento VIC 3943(03) 5984 1291Catholic Primary School
  • Sorrento Primary SchoolKerferd Avenuesorrento VIC 3943(03) 5984 2130State Primary School

sorrento Kindergarten and Preschools

  • Sorrento Preschool20 Darling Roadsorrento VIC 3943

sorrento Sporting Centres and Clubs

  • Sorrento Sailing Couta Boat Club sorrento VIC 3943Boating Club
  • Sorrentosorrento VIC 3943Golf Course
  • Sorrento SLSCsorrento VIC 3943Surf Lifesaving Club

Find out How Much your House is Worth in sorrento

Request a free market Basic Report for sorrento to get a general idea of property prices in your area, or a more specific CMA Report for the property you own.

Download Free Market Report
Share with friendsX