Somers

POSTAL CODE: VIC, 3927

HOUSE

Property investors enjoyed capital gains of 5.2% over the last 12 months in SOMERS, translating to lower returns compared with its peers in VIC.

A survey of average capital gains or median home price increase in suburbs across the country shows that the VIC suburb obtained a 8.68% growth over a ten-year period. It ranks 740th on our list of suburbs that property investors should look into.

SOMERS, 3927 has a capital gain of 5.2% for the past year, which is lower than average compared to its 28.64% growth within a five-year period.

With the median home price in SOMERS sitting at $1,415,000, and the average rent at $720, property owners could potentially earn a 2.65% increase in gross rental yield.

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

SOMERS, 3927 in VIC belongs to the local government area of Mornington Peninsula.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,415,000	N/A
Growth Report
Median Quarterly	6.39%	N/A
Median 12 month	5.2%	N/A
Median 3 years	-21.17%	N/A
Median 5 years	28.64%	N/A
10 years average annual	8.68%	N/A
Weekly media advert. rent	$720	N/A
Time on Market	79.6 days	N/A
Gross Rental Yield Percent	2.65%	N/A

Demographics (Median Values)*

Total Population 1667

Weekly Household Income 1468

Household Size 2.30

Average Age 52

Monthly Loan Repayment 1752

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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