Somers is in the bottom 40% in VIC when comparing median price capital growth over the last year. Somers gave property investors a disappointing capital gain figure when compared to the rest of the state, with 6.45%.
Across a shorter period, Somers, 3927 has seen a median price increase of 2.11% over the last quarter.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.00% offered to property buyers. Sellers in Somers itself are offering an average vendor discount of -4.56% to real estate investors.
On average over the past year, suburb has had 3.92 sales per month, which equates to 47 per year.
Renters in Suburb are facing rents around $5040 per annum or $420 every week.