AREA REPORTS

Somerville

Suburb Profile

Somerville - FREE 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 low, 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 $410 based on current median home prices for the suburb.

On average, rents on listings have reached the $410 mark, reflecting a 4.85% increase in returns based on the current median price in SOMERVILLE.

SOMERVILLE, 6430 ranks 253rd in WA in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 111th on the list of best yielding suburbs for rental properties in WA, posting a 4.85% return.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $440,000 $236,000
GROWTH REPORT
Median Quarterly -3.56% 5.83%
Median 12 month -4.35% 3.06%
Median 3 years -4.35% -21.07%
Median 5 years -10.2% -20%
10 years average annual -0.11% 1.19%
Weekly media advert. rent $410 $330
Time on Market 98.1 days 0.0 days
Gross Rental Yield Percent 4.85% 7.27%
demographics (median values)
Total Population
3282
Weekly Household Income
1764
Household Size
2.80
demographics
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