Somerville

POSTAL CODE: WA, 6430

HOUSE

UNIT

Property investors enjoyed capital gains of 3.56% 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.

The suburb posted a 22.78% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $800 based on current median home prices for the suburb.

On average, rents on listings have reached the $800 mark, reflecting a 7.53% increase in returns based on the current median price in SOMERVILLE.

SOMERVILLE, 6430 ranks 454th in WA in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 31st on the list of best yielding suburbs for rental properties in WA, posting a 7.53% return.

Property investors have seen a 1.64% gain in SOMERVILLE based on an increase in median home prices for the past three months.

Homeowners and real estate investors betting on SOMERVILLE, 6430 can rest assured about this WA suburb's performance. The suburb saw median home prices rise by 18.26%.

Based on its average 5-year and quarterly capital gains SOMERVILLE, 6430 saw average growth in the long term.

SOMERVILLE, 6430 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $340,000.

Profits due to an upward trend in home prices in SOMERVILLE, 6430 averaged 12% per annum over a 3-year period.

This number can mean, real estate investors could earn a rental income of $600 based on current median home prices for the suburb.

The gross rental yield in SOMERVILLE, 6430 is 9.18%.

An average of 2.5 real estate transactions take place per month in SOMERVILLE which translates to 30 per annum.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$552,500	$340,000
Growth Report
Median Quarterly	8.33%	1.64%
Median 12 month	3.56%	18.26%
Median 3 years	22.78%	36%
Median 5 years	15.71%	49.78%
10 years average annual	1.66%	2.73%
Weekly media advert. rent	$800	$600
Time on Market	53.9 days	36.5 days
Gross Rental Yield Percent	7.53%	9.18%

Demographics (Median Values)*

Total Population 22746

Weekly Household Income 2186

Household Size 2.70

Average 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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