At number 3639th in the list of Australian suburbs ordered by increase in median house value over the last year, Somerville, 6430 is in the BOTTOM 20% with a property value increase of -7.14% recorded in median house prices.
A -2.15% growth in median value for property investors in Somerville,6430 puts this suburb at number 396th in terms of best performing suburbs in WA
Our latest figures would indicate that property sellers in Somerville are currently offering property investors an average price cut of -6.49% below the asking price at the moment.
On average over the past year, suburb has had 3.33 sales per month, which equates to 40 per year.
Giving property investors a a poor capital gain of -13.19% for the last year, Somerville, 6430 is the 1629th highest performer in Australia in this respect.
The five-year average increase in median property values for Somerville,6430 has given property investors a potential capital gain of -12.28% across each of those five years.
In the last year 10 properties changed hands in Somerville, which puts it as the 124th most active market in WA when comparing the number of sales per suburb.
With the median price for a house in Somerville being $250000 and the advertised rent reaching $300 the gross rental yield for property investors calculates out to be 6.24%