If you compare the increase in value of investment property in Somerville, 3912 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 12.44%.
If we look at median property appreciation over just the last three months, Somerville has given property investors a paper return of 2.89%. This puts Suburb as 255 on a list of fastest fasting appreciating suburbs in VIC
Vendor discounting in Somerville is giving property investors an average Vendor Discount of around -3.34%. This puts suburb at number 557th in VIC when ranking the most discounted suburbs.
Advertised rents are around the $382.5 mark per week – giving a return of 4.21% based on the median price in Suburb
If you compare the increase in value of investment property in Somerville, 3912 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this VIC suburb was 1.15%.
A 8.72% growth in median value for property investors in Somerville,3912 puts this suburb at number 136th in terms of best performing suburbs in VIC
LACK OF BUYER INTEREST may well be the reason that Somerville is offering property investors an average of -5.08. This rate of discount on properties puts Suburb at number 249th in terms of most discounted suburbs in VIC
Often selling an investment property can take time, and in Somerville the average time real estate has been on the market is 36.51 days.