Over the last year, property investments in Somerville, 3912 have given investors a capital gain of 11.67%. This compares favourably with the 8.23% for VIC as a whole.
Comparing Somerville,3912 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
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 Somerville, 3912. Typically our figures indicate that -3.24% is being offered, which puts this VIC suburb at 3450th most discounted overall in Australia.
Situated 49.38km from the CBD, Somerville is one of Mornington Peninsula localities in the postcode 3912.
Property investors who have had real estate in Somerville, 3912 should be relatively unhappy with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 1.56%
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.
Property buyers and investors in Somerville 3912 should be seeing an average reduction in asking price of around -3.69% . This means that Somerville is holding prices well when compared to other suburbs in VIC.
Property investors should expect to get $315 weekly from the median priced house in this suburb.