Over the last year, property investments in Somers, 3927 have given investors a capital gain of 11.22%. This compares averagely with the 11.41% for VIC as a whole.
Across a shorter period, Somers, 3927 has seen a median price increase of 6.17% over the last quarter.
Our latest figures would indicate that property sellers in Somers are currently offering property investors an average price cut of -7.26% below the asking price at the moment.
Often selling an investment property can take time, and in Somers the average time real estate has been on the market is 44.07 days.
Advertised rents are around the $420 mark per week – giving a return of 2.67% based on the median price in Suburb