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Somers
AREA REPORTS

Somers

Somers - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3927

house

Property investors enjoyed capital gains of 51.04% 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 11.47% growth over a ten-year period. It ranks 3867th on our list of suburbs that property investors should look into.

SOMERS, 3927 has a capital gain of 51.04% for the past year, which is higher than average compared to its 127.26% growth within a five-year period.

With the median home price in SOMERS sitting at $1,706,750, and the average rent at $450, property owners could potentially earn a 1.37% increase in gross rental yield.

A 51.04% increase in median property prices in SOMERS, 3927 has allowed this suburb to join the ranks of best performing suburbs in VIC, settling at number 5th.

Figures from the previous quarter show that capital gains for real estate buyers in SOMERS are low, 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 (S).

Data report can be found below

Somers
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,706,750 N/A
GROWTH REPORT
Median Quarterly 1.9% N/A
Median 12 month 51.04% N/A
Median 3 years 97.08% N/A
Median 5 years 127.26% N/A
10 years average annual 11.47% N/A
Weekly media advert. rent $450 N/A
Time on Market 39.2 days N/A
Gross Rental Yield Percent 1.37% N/A
demographics (median values)*
Total Population
1667
Weekly Household Income
1468
Household Size
2.30
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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