Property value increases in Somerset have tracked just higher than the TAS average of 7.09% over the last 12 months.
Over the longer term, Somerset has seen property prices show investors a 15.30% return over the last 3 years. This is an improvement over the last 12 months
At number 35th 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.
On average over the past year, suburb has had 6.58 sales per month, which equates to 79 per year.
With the median price for a house in Somerset being $260000 and the advertised rent reaching $280 the gross rental yield for property investors calculates out to be 5.60%
Somerset has had a very poor year for property investment returns compared to the rest of TAS, giving investors a capital gain of -30.56% to date .
Across a shorter period, Somerset, 7322 has seen a median price increase of -1.10% over the last quarter.
Advertised rents are around the $220 mark per week – giving a return of 6.36% based on the median price in Suburb