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Somers
AREA REPORTS

Somers

Somers - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3927

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A survey of average capital gains or median home price increase in suburbs across the country shows that the VIC suburb obtained a 12.26% growth over a ten-year period. It ranks 3710th on our list of suburbs that property investors should look into.

With the median home price in SOMERS sitting at $1,706,750, and the average rent at $460, property owners could potentially earn a 1.4% increase in gross rental yield.

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 4.07% N/A
Median 12 month N/A N/A
Median 3 years 86.43% N/A
Median 5 years 130.64% N/A
10 years average annual 12.26% N/A
Weekly media advert. rent $460 N/A
Time on Market 50.3 days N/A
Gross Rental Yield Percent 1.4% 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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