At number 2610th in the list of Australian suburbs ordered by increase in median house value over the last year, Somerset, 7322 is in the BOTTOM 40% with a property value increase of 1.54% recorded in median house prices.
Over the longer term, Somerset has seen property prices show investors a 2.89% return over the last 3 years. This is worse than over the last 12 months
At number 31th of TAS’s most discounted properties, Somerset is in the bottom 30% of the state/territory when listing in order of most discounted to least.
Residents and property investors in Somerset have been waiting around 128.75 days to sell a property.
Property investors should expect to get $260 weekly from the median priced house in this suburb.
Property investors who have had real estate in Somerset, 7322 should be unhappy with this TAS suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -6.52%
Somerset, 7322’s gross rental yield is 4.28%