Suburb Profile Report for Somerville WA (6430)

Somerville House: Median price $455,000, Annual capital growth 4.21%, Number of sales 40, Weekly median advertised rent $440

Somerville Unit: Median price $250,000, Annual capital growth 3.63%, Number of sales 10, Weekly median advertised rent $300

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

Source: CoreLogic

  • House Report
  • Unit Report

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%

HOUSE UNIT
$455,000 $250,000
-7.99% N/A
-7.14% -13.19%
4.21% 3.63%
$440 $300
40 10
5.03% 6.24%
114.82 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (H), Balanced (U)
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Demographics
Total population 3811
Median household income ($/weekly) 2431
Median age of persons 31
Median housing loan repayment ($/monthly) 2400
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 674 17.7
    25-34 years 589 15.5
    35-44 years 723 19.0
    45-54 years 595 15.6
    55-64 years 317 8.3
    Others 913 24.0
    Age Group
    Census Count Percent(%)
    Registered Married 1258 51.3
    Not Married 861 35.1
    Defacto Relationship 333 13.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 2648 74.3
    Papua New Guinea 302 8.5
    South Africa 124 3.5
    United Kingdom 127 3.6
    Other 171 4.8
    Others 190 5.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 32 0.9
    Christianity 2451 70.7
    Hinduism 33 1.0
    Islam 27 0.8
    No Religion 914 26.4
    Others 10 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 142 13.2
    $2,000-$2,499 103 9.6
    $2,500-$2,999 209 19.5
    $3,000-$3,499 143 13.3
    $4,000 or more 105 9.8
    Others 371 34.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1578 60.0
    Not in the labour force 419 15.9
    Employed, worked part-time 405 15.4
    Employed, away from work 141 5.4
    Unemployed, looking for work 85 3.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 225 10.6
    Professionals 312 14.7
    Technicians & trades workers 506 23.9
    Clerical & administrative workers 302 14.2
    Machinery operators & drivers 276 13.0
    Others 500 23.6
    Occupation
    Census Count Percent(%)
    Pre-school 73 7.8
    Infants/Primary 470 50.5
    Secondary 226 24.3
    Technical or Further Educational Institution 81 8.7
    University or other Tertiary Institutions 64 6.9
    Others 17 1.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2921 85.5
    Caravan, cabin, houseboat 203 5.9
    Semi-detached, row or terrace house, townhouse 147 4.3
    Flat, unit or apartment 147 4.3
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 513 43.0
    Rented 478 40.0
    Fully owned 203 17.0
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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Recent sales & rentals