Suburb Profile Report for Somers VIC (3927)

Somers House: Median price $750,500, Annual capital growth 7.28%, Number of sales 47, Weekly median advertised rent $420

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

Source: CoreLogic

  • House Report

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.

Metrics i HOUSE UNIT
$750,500 N/A
2.11% N/A
6.45% N/A
7.28% N/A
$420 N/A
47 N/A
2.91% N/A
80.93 N/A

Source: CoreLogic

DSR Score for property investment : Above average (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