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Somerville
AREA REPORTS

Somerville

Somerville - SUBURB PROFILE REPORT
POSTAL CODE: WA, 6430

house
unit

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 $580 based on current median home prices for the suburb.

On average, rents on listings have reached the $580 mark, reflecting a 6.35% increase in returns based on the current median price in SOMERVILLE.

SOMERVILLE, 6430 ranks 483rd in WA in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 38th on the list of best yielding suburbs for rental properties in WA, posting a 6.35% return.

Data report can be found below

Somerville
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $475,000 $275,000
GROWTH REPORT
Median Quarterly 3.49% 0%
Median 12 month -1.04% 21.15%
Median 3 years 2.98% 17.02%
Median 5 years 7.95% 11.79%
10 years average annual 1.1% 0.84%
Weekly media advert. rent $580 $400
Time on Market 67.7 days 94.6 days
Gross Rental Yield Percent 6.35% 7.56%
demographics (median values)*
Total Population
22746
Weekly Household Income
2186
Household Size
2.70
Age
32
Monthly Loan Repayment
1950
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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Age group
Top 10 Birth Countries
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Tenure Type

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