Suburb Profile Report for Somerville WA (6430)

Somerville House: Median price $434,000, Annual capital growth 2.88%, Number of sales 46, Weekly median advertised rent $450

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

Source: CoreLogic

  • House Report

Somerville is in the bottom 20% in WA when comparing median price capital growth over the last year. Somerville gave property investors a dismal capital gain figure when compared to the rest of the state, with -11.43%.

Over the longer term, Somerville has seen property prices show investors a -7.66% return over the last 3 years. This is worse than over the last 12 months

Vendor discounting in Somerville is giving property investors an average Vendor Discount of around -6.18%. This puts suburb at number 340th in WA when ranking the most discounted suburbs.

With the median price for a house in Somerville being $434000 and the advertised rent reaching $450 the gross rental yield for property investors calculates out to be 5.39%

Metrics i HOUSE UNIT
$434,000 N/A
-1.36% N/A
-11.43% N/A
2.88% N/A
$450 N/A
46 N/A
5.39% N/A
131.32 N/A

Source: CoreLogic

DSR Score for property investment : Above average (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