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1/18 Tarbook Court SORELL
Modern Unit with Two Bedrooms in Sorell
For Rent
$470.00 per week
Nest Property Hobart
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Sorell is one of the fastest-growing areas in Tasmania, known for its historic sites, local markets, and strong agricultural presence. This suburb offers both the charm of country living and the convenience of city amenities, with excellent schools and shopping centres nearby. Sorell is ideal for those seeking a balanced lifestyle. See what Sorell has to offer with Nest Property.
Sorell property market
Sorell, a growing regional hub just 25 minutes east of Hobart, continues to draw attention from buyers and investors seeking value, convenience, and a relaxed semi-rural lifestyle. In the past month, the suburb recorded 12 rental listings and 43 properties for sale, reflecting a moderately active market with a reasonable balance of supply for both renters and purchasers.
Over the last 12 months, median property prices in Sorell have shown some fluctuation. Houses currently have a median value of approximately $650,000, while units are more affordable at a median price of around $485,000. These prices position Sorell as a budget-friendly alternative to inner Hobart suburbs, particularly for families and first-time buyers seeking space and access to schools, shops, and transport links.
For those considering investment opportunities, Sorell offers promising rental returns. Houses are renting for about $550 per week, which delivers a gross rental yield of 4.6% per annum. Units are performing even better, with weekly rents averaging $460, generating a strong rental yield of 5.2%. These yields reflect ongoing demand for affordable rental housing in a well-serviced regional area.
However, recent capital growth figures indicate a softening in the local market. Over the past year, house prices have declined, with a compound annual growth rate (CAGR) of -5.5%, while units have also experienced a downturn, recording a CAGR of -4.5%. This cooling in the market may present opportunities for value-focused buyers to purchase at a more favourable price point.
Despite recent price adjustments, Sorell’s long-term prospects remain positive. The suburb continues to benefit from infrastructure development, including road upgrades and retail expansion, which enhance its appeal to both residents and investors. With its combination of affordability, lifestyle benefits, and solid rental yields, Sorell remains a suburb to watch for those looking to invest or settle in Tasmania’s southeast.
Market trends
View median property prices* in Sorell to get a better understanding of local market trends.
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*Data based on sales within the 12 months to July 2025.