TAS has seen average median house prices change by 4.21% which means that Somerset, 7322 has done well for property investors by showing a capital gain of 9.23% over the last year
Over the longer term, Somerset has seen property prices show investors a 6.95% return over the last 3 years. This is an improvement over the last 12 months
Sellers are offering property buyers an average discount of -7.62% to buyers in Somerset at the moment, which is less than average for the rest of TAS.
At number 2939 in a list of fastest selling suburbs, Somerset is in the bottom 30% of suburbs in Australia with an average of days on market 110.77 for properties listed there.
Situated 235.46km from the CBD, Somerset is one of Waratah/Wynyard localities in the postcode 7322.
If you compare the increase in value of investment property in Somerset, 7322 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this TAS suburb was -25.05%.
When looking at the potential capital gains offered to property investors over the last 3 years, Somerset comes in at number 50th in TAS.