Investment property in Somers has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 9.22%
Comparing Somers,3927 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
LACK OF BUYER INTEREST may well be the reason that Somers is offering property investors an average of -5.41. This rate of discount on properties puts Suburb at number 81th in terms of most discounted suburbs in VIC
Residents and property investors in Somers have been waiting around 69 days to sell a property.
With the median price for a house in Somers being $800000 and the advertised rent reaching $400 the gross rental yield for property investors calculates out to be 2.60%