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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

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