Suburb Profile Report for Somerville WA (6430)

Somerville House: Median price $432,500, Annual capital growth 0.20%, Number of sales 49, Weekly median advertised rent $520

Somerville Unit: Median price $266,000, Annual capital growth 5.75%, Number of sales 10, Weekly median advertised rent $330

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

Source: Monthly data update for Jul 2020 as supplied by CoreLogic. Data is reported to the period ending Apr 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

With a capital gain of -7.98% for the last 12 months, Somerville, 6430 has performed for property investments than its average annual 0.20% property growth over the last 5 years.

Taking the average capital gain, or increase in median house value, Somerville,6430 has racked up an average of -7.98% over the period. This ranks it number 3041th in the whole country for real estate investors looking at median house price increases.

The most recent median price for Somerville is $432500, with sellers offering an average of -6.04% off the asking price.

Using the current median advertised rental of $520 and the average annual increase in value of a median property of 0.20%, investors should hope to achieve an overall return of 6.25%

Over the last year, property investments in Somerville, 6430 have given investors a capital gain of 1.92%. This compares favourably with the -4.93% for WA as a whole.

While Somerville,6430 ranked number 93th in WA for increase in median house value (annualised) increase, it is ranked 25th over the last 5 years.

The WA suburb of Somerville, 6430 is in the Kalgoorlie/Boulder (C) local government area.

Metrics i HOUSE UNIT
$432,500 $266,000
1.17% -5.00%
-7.98% 1.92%
0.20% 5.75%
$520 $330
49 10
6.25% 6.45%
88.421052631579 N/A

Source: Monthly data update for Jul 2020 as supplied by CoreLogic. Data is reported to the period ending Apr 2020. Please note that property sales data is routinely updated, so may change retrospectively.

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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