With a capital gain of 19.05% for the last 12 months, Somerville, 3912 has performed for property investments than its average annual 6.19% property growth over the last 5 years.
If we look at median property appreciation over just the last three months, Somerville has given property investors a paper return of 6.16%. This puts Suburb as 65 on a list of fastest fasting appreciating suburbs in VIC
Sellers are offering property buyers an average discount of -2.83% to buyers in Somerville at the moment, which is less than average for the rest of VIC.
At number 96 in a list of fastest selling suburbs, Somerville is in the TOP 10% of suburbs in Australia with an average of days on market 33.11 for properties listed there.
Over the last year, property investments in Somerville, 3912 have given investors a capital gain of 3.13%. This compares averagely with the 3.49% 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
Property buyers and investors in Somerville 3912 should be seeing an average reduction in asking price of around -4.03% . This means that Somerville is holding prices well when compared to other suburbs in VIC.