Somerset has had a pretty average year for property investment returns compared to the rest of TAS, giving investors a capital gain of 5.00% to date .
Somerset,7322 has offered an average of 5.00% return per annum in house price rises to property investors over the last three years.
The most recent median price for Somerset is $236250, with sellers offering an average of -7.19% off the asking price.
Somerset, 7322’s gross rental yield is 5.72%
Investment property in Somerset has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -26.51%
Taking the average capital gain, or increase in median house value, Somerset,7322 has racked up an average of -26.51% over the period. This ranks it number 1665th in the whole country for real estate investors looking at median house price increases.
In the last year 12 properties changed hands in Somerset, which puts it as the 51th most active market in TAS when comparing the number of sales per suburb.