Property investors enjoyed capital gains of 8.09% 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 6.85% growth over a ten-year period. It ranks 957th on our list of suburbs that property investors should look into.
SOMERS, 3927 has a capital gain of 8.09% for the past year, which is higher than average compared to its 17.22% growth within a five-year period.
With the median home price in SOMERS sitting at $811,750, and the average rent at $400, property owners could potentially earn a 2.56% 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.