Somerville

POSTAL CODE: WA, 6430
HOUSE
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Property investors enjoyed capital gains of 42.78% over the last 12 months in SOMERVILLE, translating to higher returns compared with its peers in WA.

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

The suburb posted a 31.4% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $850 based on current median home prices for the suburb.

On average, rents on listings have reached the $850 mark, reflecting a 6.38% increase in returns based on the current median price in SOMERVILLE.

SOMERVILLE, 6430 ranks 17th in WA in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 32nd on the list of best yielding suburbs for rental properties in WA, posting a 6.38% return.

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