Somerville is an average performer in VIC when comparing median price capital growth over the last year. Somerville gave property investors a good capital gain figure when compared to the rest of the state, with 10.29%.
A 18.42% growth in median value for property investors in Somerville,3912 puts this suburb at number 372th in terms of best performing suburbs in VIC
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.04% offered to property buyers. Sellers in Somerville itself are offering an average vendor discount of -3.62% to real estate investors.
Using the current median advertised rental of $380 and the average annual increase in value of a median property of 5.14%, investors should hope to achieve an overall return of 4.39%
At number 1204th in the list of Australian suburbs ordered by increase in median house value over the last year, Somerville, 3912 is in the BOTTOM 40% with a property value increase of -1.22% recorded in median house prices.
While Somerville,3912 ranked number 217th in VIC for increase in median house value (annualised) increase, it is ranked 235th over the last 5 years.
Somerville3912 is located in VIC which offers an average discount of -5.22% to property investors. Somerville itself is showing figures that indicate -3.03% is the average achievable by property buyers investing in the suburb.
Residents and property investors in Somerville have been waiting around 33.26 days to sell a property.
Somerville is 85th on a list of best yielding suburbs for rents in VIC with a 5.00% return