Somerville, 3912 ranked 97th 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
Taking the average capital gain, or increase in median house value, Somerville,3912 has racked up an average of 17.44% over the period. This ranks it number 1263th in the whole country for real estate investors looking at median house price increases.
Property buyers and investors in Somerville 3912 should be seeing an average reduction in asking price of around -2.62% . This means that Somerville is holding prices well when compared to other suburbs in VIC.
With the median price for a house in Somerville being $505000 and the advertised rent reaching $385 the gross rental yield for property investors calculates out to be 3.96%
Somerville has had a pretty good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 9.82% to date .
Somerville,3912 was ranked 227 in Australia by increase in median property value over the quarter.
Our latest figures would indicate that property sellers in Somerville are currently offering property investors an average price cut of -4.05% below the asking price at the moment.
In the last year 45 properties changed hands in Somerville, which puts it as the 195th most active market in VIC when comparing the number of sales per suburb.
Property investors should expect to get $320 weekly from the median priced house in this suburb.