Proposed Lot 1 Of 12 Padbury Circle

Sorrento WA 6020

The size of Sorrento is approximately 3.6 square kilometres. It has 11 parks covering nearly 14.3% of total area. The population of Sorrento in 2011 was 7,371 people. By 2016 the population was 7,355 showing a population decline of 0.2% in the area during that time. The predominant age group in Sorrento is 50-59 years. Households in Sorrento are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Sorrento work in a professional occupation. In 2011, 83.1% of the homes in Sorrento were owner-occupied compared with 84.8% in 2016.

Sorrento has 3,455 properties. Over the last 5 years, Houses in Sorrento have seen a 87.21% increase in median value, while Units have seen a 24.80% increase. As at 31 August 2024:

• The median value for Houses in Sorrento is $1,625,562 while the median value for Units is $506,407.
• Houses have a median rent of $1,000 while Units have a median rent of $600.