Somerville, 3912 ranked 134th in VIC when comparing growth in median property values or capital gain over the last 12 months. Somerville is one of 2098 in our list for VIC
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Somerville has increased when compared to the 5 year average annual rate.
Vendor discounting in Somerville is giving property investors an average Vendor Discount of around -2.27%. This puts suburb at number 594th in VIC when ranking the most discounted suburbs.
Residents and property investors in Somerville have been waiting around 28.61 days to sell a property.
With a capital gain of 13.64% for the last 12 months, Somerville, 3912 has performed for property investments than its average annual 5.47% property growth over the last 5 years.
Somerville,3912 was ranked 84 in Australia by increase in median property value over the quarter.
The most recent median price for Somerville is $366500, with sellers offering an average of -3.48% off the asking price.
On average over the past year, suburb has had 4.08 sales per month, which equates to 49 per year.
The VIC suburb of Somerville, 3912 is in the Mornington Peninsula local government area.