If you compare the increase in value of investment property in Somerset, 7322 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this TAS suburb was 14.31%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Somerset has increased when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that Somerset is offering property investors an average of -6.57. This rate of discount on properties puts Suburb at number 25th in terms of most discounted suburbs in TAS
The TAS suburb of Somerset, 7322 is in the Waratah/Wynyard local government area.
Over the last year, property investments in Somerset, 7322 have given investors a capital gain of -31.28%. This compares very badly with the 3.47% for TAS as a whole.