If you compare the increase in value of investment property in Somerville, 3912 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 15.71%.
Comparing Somerville,3912 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Sellers are offering property buyers an average discount of -3.42% to buyers in Somerville at the moment, which is less than average for the rest of VIC.
At number 109th in the list of Australian suburbs ordered by increase in median house value over the last year, Somerville, 3912 is in the top 10% with a property value increase of 23.08% recorded in median house prices.
Somerville,3912 was ranked 206 in Australia by increase in median property value over the quarter.
Vendor discounting in Somerville is giving property investors an average Vendor Discount of around -2.71%. This puts suburb at number 278th in VIC when ranking the most discounted suburbs.
Residents and property investors in Somerville have been waiting around 24.33 days to sell a property.
Property investors should expect to get $330 weekly from the median priced house in this suburb.