Investment property in Somers has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 8.52%
Across a shorter period, Somers, 3927 has seen a median price increase of 1.31% over the last quarter.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.01% offered to property buyers. Sellers in Somers itself are offering an average vendor discount of -3.74% to real estate investors.
On average over the past year, suburb has had 3.08 sales per month, which equates to 37 per year.
Renters in Suburb are facing rents around $25610 per annum or $492.5 every week.