Suburb Profile
Somerville - FREE SUBURB PROFILE REPORT POSTAL CODE: WA,6430
Property investors enjoyed capital gains of 5.41% over the last 12 months in SOMERVILLE, translating to lower 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.
This number can mean, real estate investors could earn a rental income of $400 based on current median home prices for the suburb.
On average, rents on listings have reached the $400 mark, reflecting a 4.55% increase in returns based on the current median price in SOMERVILLE.
SOMERVILLE, 6430 ranks 67th in WA in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 138th on the list of best yielding suburbs for rental properties in WA, posting a 4.55% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $457,500 | $223,000 |
| GROWTH REPORT | ||
| Median Quarterly | 0% | -5.51% |
| Median 12 month | 5.41% | -2.62% |
| Median 3 years | -2.66% | -26.89% |
| Median 5 years | -4.69% | -24.41% |
| 10 years average annual | 0.91% | 0.72% |
| Weekly media advert. rent | $400 | $320 |
| Time on Market | 93.6 days | 0.0 days |
| Gross Rental Yield Percent | 4.55% | 7.46% |
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