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Somerton Park
AREA REPORTS

Somerton Park

Somerton Park - SUBURB PROFILE REPORT
POSTAL CODE: SA, 5044

house
unit

Figures from the previous quarter show that capital gains for real estate buyers in SOMERTON PARK are low, as opposed to average gains per annum over the past five years.

This number can mean, real estate investors could earn a rental income of $550 based on current median home prices for the suburb.

On average, rents on listings have reached the $550 mark, reflecting a 2.88% increase in returns based on the current median price in SOMERTON PARK.

SOMERTON PARK, 5044 ranks 440th in SA in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 304th on the list of best yielding suburbs for rental properties in SA, posting a 2.88% return.

Data report can be found below

Somerton Park
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $993,750 $437,500
GROWTH REPORT
Median Quarterly -0.13% 0%
Median 12 month -3.43% 9.38%
Median 3 years 12.93% 9.65%
Median 5 years 30.33% 11.32%
10 years average annual 4.7% 3.09%
Weekly media advert. rent $550 $365
Time on Market 45.6 days 44.8 days
Gross Rental Yield Percent 2.88% 4.34%
demographics (median values)*
Total Population
10875
Weekly Household Income
1399
Household Size
2.20
Age
45
Monthly Loan Repayment
1800
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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