Thinking about buying in Sorrento? Now could not be a better time, with 3476 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,390,000 with prices in this suburb ranging from $115,000 to $5,729,000. Sorrento is located very near to the coast so expect stunning views of the ocean and access to beaches. Demand is likely to be very strong in this location which will support higher prices

Sorrento Real Estate Market Outlook

Consistent high demand relative to supply is a key feature in Sorrento driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Sorrento due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. A mix of professions and above average income earners in Sorrento provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Medium density in Sorrento necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Lower than average industry presence in Sorrento we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Sorrento a better buying opportunity than it may have been in the past.

Houses for sale Sorrento

	3297-3299 point nepean rd, sorrento, vic, 3943	5	2	0	$735,000
	3193 point nepean rd, sorrento, vic, 3943	5	2	2	1,650,000 - $1,810,000
	6 westmore av, sorrento, vic, 3943	4	2	7	$2,750,000 - $3,000,000
	42 first settlement dr, sorrento, vic, 3943	3	2	2	For Sale 1,550,000 - 1,650,000
	3 ronald av, sorrento, vic, 3943	3	2	4	Sold

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