Market snapshot
Suburb insights for Sorrento3943
Change suburbSorrento is located 62 km south of the CBD. Sorrento is a popular holiday and tourist destination at the tip of the Mornington Peninsula. The suburb is primarily residential in nature with some commercial areas. Sorrento is bounded by Port Phillip Bay in the north and Bass Straight in the south. The suburb also features the Sorrento Golf Club and Sorrento Beach and the Mornington Peninsula National Park.
Sales data
Median sale price
$1.6mil
Quarterly price change
-6.9%
Metro Melbourne Comparison
$923k
2.7%
| Bedrooms | Sorrento | Metro comparison |
|---|---|---|
| 2 | - | $881,200 |
| 3 | $1,625,000 | $810,000 |
| 4 | $1,812,500 | $942,350 |
| Insight | Sorrento | Metro comparison |
|---|---|---|
| Clearance rate | 78.5% | |
| Days on market | 55 | 42 |
Rental data
Median weekly rent
$750
Rental yield
2.3%
Metro Melbourne Comparison
$580
3.3%
| Bedrooms | Sorrento | Metro comparison |
|---|---|---|
| 2 | - | $580 |
| 3 | $650 | $550 |
| 4 | $800 | $600 |
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