Property value increases in Somerset have tracked higher than the TAS average of 8.73% over the last 12 months.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Somerset has increased when compared to the 5 year average annual rate.
The most recent median price for Somerset is $299000, with sellers offering an average of -4.84% off the asking price.
Somerset, 7322’s gross rental yield is 5.04%
At number 1111th in the list of Australian suburbs ordered by increase in median house value over the last year, Somerset, 7322 is in the BOTTOM 30% with a property value increase of -5.36% recorded in median house prices.
A 7.07% growth in median value for property investors in Somerset,7322 puts this suburb at number 45th in terms of best performing suburbs in TAS
Often selling an investment property can take time, and in Somerset the average time real estate has been on the market is 72.8182 days.
Advertised rents are around the $230 mark per week – giving a return of 4.51% based on the median price in Suburb