Suburb Profile Report for Somers VIC (3927)

Somers House: Median price $750,000, Annual capital growth 7.41%, Number of sales 54, Weekly median advertised rent $350

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report

Somers, 3927 ranked 449th in VIC when comparing growth in median property values or capital gain over the last 12 months. Somers is one of 2098 in our list for VIC

Comparing Somers,3927 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Somers3927 is located in VIC which offers an average discount of -5.99% to property investors. Somers itself is showing figures that indicate -5.63% is the average achievable by property buyers investing in the suburb.

At number 3089 in a list of fastest selling suburbs, Somers is in the bottom 20% of suburbs in Australia with an average of days on market 116.95 for properties listed there.

With the median price for a house in Somers being $750000 and the advertised rent reaching $350 the gross rental yield for property investors calculates out to be 2.43%

HOUSE UNIT
$750,000 N/A
3.81% N/A
4.90% N/A
7.41% N/A
$350 N/A
54 N/A
2.43% N/A
116.95 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 1427
Median household income ($/weekly) 1361
Median age of persons 48
Median housing loan repayment ($/monthly) 1400
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 174 12.2
    35-44 years 180 12.6
    45-54 years 220 15.4
    55-64 years 213 14.9
    65-74 years 207 14.5
    Others 433 30.3
    Age Group
    Census Count Percent(%)
    Registered Married 550 56.1
    Not Married 312 31.8
    Defacto Relationship 119 12.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 1118 83.7
    Greece 11 0.8
    Papua New Guinea 19 1.4
    United Kingdom 123 9.2
    Other 21 1.6
    Others 43 3.2
    Country of Birth
    Census Count Percent(%)
    Christianity 717 57.2
    No Religion 520 41.5
    Buddhism 11 0.9
    Other Religious Groups 6 0.5
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 46 9.7
    $800-$999 49 10.4
    $1,250-$1,499 50 10.6
    $1,500-$1,999 70 14.8
    $2,000-$2,499 47 9.9
    Others 211 44.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 443 40.2
    Employed, worked full-time 338 30.7
    Employed, worked part-time 260 23.6
    Employed, away from work 33 3.0
    Unemployed, looking for work 27 2.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 84 13.2
    Professionals 182 28.7
    Technicians & trades workers 97 15.3
    Community & personal service workers 65 10.3
    Clerical & administrative workers 74 11.7
    Others 132 20.8
    Occupation
    Census Count Percent(%)
    Pre-school 31 10.7
    Infants/Primary 107 37.0
    Secondary 89 30.8
    Technical or Further Educational Institution 19 6.6
    University or other Tertiary Institutions 36 12.5
    Others 7 2.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1231 99.4
    Caravan, cabin, houseboat 8 0.6
    Semi-detached, row or terrace house, townhouse 0 0.0
    Flat, unit or apartment 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 256 48.8
    Being purchased 189 36.0
    Rented 77 14.7
    Other tenure type 3 0.6
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals