Giving property investors a a stable capital gain of 11.11% for the last year, Somerset, 7322 is the 1061th highest performer in Australia in this respect.
If we look at median property appreciation over just the last three months, Somerset has given property investors a paper return of 4.17%. This puts Suburb as 55 on a list of fastest fasting appreciating suburbs in TAS
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Somerset, 7322. Typically our figures indicate that -8.05% is being offered, which puts this TAS suburb at 787th most discounted overall in Australia.
Often selling an investment property can take time, and in Somerset the average time real estate has been on the market is 98.36 days.
Using the current median advertised rental of $270 and the average annual increase in value of a median property of 3.54%, investors should hope to achieve an overall return of 5.62%
Somerset, 7322 ranked 57th in TAS when comparing growth in median property values or capital gain over the last 12 months. Somerset is one of 606 in our list for TAS
Using the current median advertised rental of $205 and the average annual increase in value of a median property of 6.55%, investors should hope to achieve an overall return of 5.89%