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Norwood vs Sorell — which is best for rental demand?

Same eight metrics, scored against the same benchmark, ranked against a $600kbudget. Look for where one suburb is materially ahead — that's the dimension that should sway your call.

  1. Norwood

    TAS · 7250
    41Below trend
    Median
    $595k
    5y growth
    6.2%/yr
    BalancedStable but fully priced

  2. Sorell

    TAS · 7172
    47Average
    Median
    $595k
    5y growth
    7.4%/yr
    BalancedStable but fully priced

Metric breakdown

Each row scores 0–100 against a fixed benchmark. The leader on each row is highlighted.

Metric · weight
Norwood
Sorell
Capital growth (5y)
weight 22%
626.2%/yr
747.4%/yr
Rental yield
weight 13%
562.8%
613.1%
Rental demand
weight 10%
551.8%
681.3%
Population growth
weight 12%
313.1%
313.1%
Income growth
weight 12%
5213.0%
5213.0%
Construction pipeline
weight 15%
0–
0–
Affordability
weight 8%
11% under cap
11% under cap
Supply tightening
weight 8%
60-2.0% YoY
70-4.0% YoY

Winner per dimension

Where each suburb leads the field, with the count of dimensions won.

  1. Norwood

    0/8

    No outright lead on any single dimension.

  2. Sorell

    4/8
    • Capital growth (5y)
    • Rental yield
    • Rental demand
    • Supply tightening

Why Norwood

Stable but fully priced

6.2%/yr capital growth, 2.8% gross yield.

Drivers
  • Capital growth6.2%/yr
  • Supply tightening-2.0% YoY
Risks
  • At top of budget (99% of cap)
  • No major construction project in this state

Construction ·UTAS Launceston Inveresk Campus4.8 kmRecently completed · 2024

Why Sorell

Stable but fully priced

7.4%/yr capital growth, listings tightening 4.0% YoY.

Drivers
  • Capital growth7.4%/yr
  • Supply tightening-4.0% YoY
  • Tight rentals1.3%
  • Rental yield3.1%
Risks
  • At top of budget (99% of cap)
  • No major construction project in this state

Construction ·Macquarie Point Stadium21.5 kmPlanned · 2029