Somerset has had a pretty good year for property investment returns compared to the rest of TAS, giving investors a capital gain of 11.48% to date .
Comparing Somerset,7322 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
LACK OF BUYER INTEREST may well be the reason that Somerset is offering property investors an average of -6.05. This rate of discount on properties puts Suburb at number 35th in terms of most discounted suburbs in TAS
Renters in Suburb are facing rents around $3480 per annum or $290 every week.
TAS has seen average median house prices change by 5.89% which means that Somerset, 7322 has done well for property investors by showing a capital gain of -25.96% over the last year
Somerset,7322 was ranked 1645 in Australia by increase in median property value over the quarter.
With the median price for a house in Somerset being $192500 and the advertised rent reaching $220 the gross rental yield for property investors calculates out to be 5.94%