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Investment Property Somerset, TAS, 7322

Suburb Snapshot

Somerset is a suburb in the Waratah/Wynyard Region of Tasmania. Somerset has a population of 3,896 people and 23.64% of its occupants live in rental accommodation. The median listing price for houses is $487,000 and this has changed 9.68% over the past year and changed 13.25% over 2 years.

The median rent in Somerset for houses is $400 per week and the median rental yield is 4.27%. Stock on the market for houses/townhouses has changed -15.63% compared to last year and the average time to sell a house/townhouse is 75 days.The median listing price for units is $409,000 and this has changed -8.71% over the past year. The average unit takes 156 days to sell and the median rent for a unit in Somerset is $285 per week, producing a rental yield of 3.62%.

Supply & Demand in Somerset, Waratah/Wynyard

0.39%

Current vacancy rate


8

Rental stock available


3,896

Population


23.64%

Rental population


0.38%

Current vacancy rate


29

Rental stock available


13,574

Population


21.42%

Rental population


0.49%

Current vacancy rate


1,351

Rental stock available


509,956

Population


23.11%

Rental population


This is information is brought to you by realestateinvestar.com.au - The online home for property investors

Statistical data for Somerset, Waratah/Wynyard

  House Townhouses Units
Median listing price $487,000 NA $409,000
Median price change - last quarter 3.63% NA -2.22%
Median price change - 1 year 9.68% NA -8.71%
Median price change - 2 years 13.25% NA NA
  House Townhouses Units
Median weekly rent $400 NA $285
Median yield % 4.27% NA 3.62%
Median rent change - 1 year 3.89% NA 1.78%
  House Units
Previous month sales 4 0
Stock on market previous month 27 2
Stock variance vs. last year -15.63% 100.00%
Average days on market 75 156

Somerset investment property listings

Showing 5 of 38 investment properties found in Somerset on realestateinvestar.com.au

52 Arthur St, Somerset

$499,000

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Seaview's in Sunny Somerset

Perched proudly on top of the hill yet set on a perfectly flat block, this charming three-bedroom home captures beautiful sea views and is surrounded by a gorgeous, wellestablished garden that bursts with colour and life. With fresh updates throughout, it's the perfect blend of comfort, ...

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TAS 7322


23 Emily Cres, SOMERSET

$900,000

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Spacious, Accessible Living with Quality Finishes

Completed in 2023, and positioned in a sought-after Somerset location, this thoughtfully designed home delivers space, comfort, and practicality with a strong focus on easy living. Featuring generous interiors, quality appliances, and exceptional storage throughout, the home is perfectly suited to ...

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TAS 7322


1A Wragg St, SOMERSET

$750,000

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Substantial Family Home Moments From the Riverfront

This expansive home offers an ideal family lifestyle with two huge living zones, a great master suite, parking for all the toys, and stunning elevated river views, all set on over a quarter of an acre within walking distance from town and just three houses from the riverfront. As you approach the ...

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TAS 7322


4 Bells Pde, SOMERSET

$599,000

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Historical Station Masters Cottage: Bespoke & Beautifully Renova

Just one block back from the long, sandy beaches of Somerset, this home is a standout in this price bracket. Stroll to the beach each morning or afternoon to walk the dog, to swim or to fish, or just to enjoy the sunsets, sunrises and the wonderful lifestyle on offer here in the popular seaside ...

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TAS 7322


19 Murchison Hwy, SOMERSET

$619,000

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Bright, Modern Home with Large Shed

Welcome to 19 Murchison Highway, Somerset - A light-filled, modern home offering comfortable everyday living with practical features throughout. Property Highlights: - Open plan kitchen, living and dining area filled with natural light - Living space over looking the Cam River - Reverse cycle ...

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