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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 $442,000 and this has changed 0.68% over the past year and changed 13.33% over 2 years.

The median rent in Somerset for houses is $385 per week and the median rental yield is 4.52%. Stock on the market for houses/townhouses has changed 17.24% compared to last year and the average time to sell a house/townhouse is 79 days.The median listing price for units is $399,000 and this has changed NA over the past year. The average unit takes 49 days to sell and the median rent for a unit in Somerset is $280 per week, producing a rental yield of 3.64%.

Supply & Demand in Somerset, Waratah/Wynyard

0.39%

Current vacancy rate


8

Rental stock available


3,896

Population


23.64%

Rental population


0.48%

Current vacancy rate


36

Rental stock available


13,574

Population


21.42%

Rental population


0.71%

Current vacancy rate


1,941

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 $442,000 NA $399,000
Median price change - last quarter 2.79% NA -10.94%
Median price change - 1 year 0.68% NA NA
Median price change - 2 years 13.33% NA NA
  House Townhouses Units
Median weekly rent $385 NA $280
Median yield % 4.52% NA 3.64%
Median rent change - 1 year -1.29% NA -8.20%
  House Units
Previous month sales 0 0
Stock on market previous month 34 1
Stock variance vs. last year 17.24% 0.00%
Average days on market 79 49

Somerset investment property listings

Showing 5 of 46 investment properties found in Somerset on realestateinvestar.com.au

11A George St, Somerset

$585,000

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Art Deco Stunner!

Tucked away on a tree lined internal block in the popular township of Somerset, this immaculately preserved and presented double brick solid construction two story home is sitting pride of place and awaiting it's new caretakers. From the moment you arrive at the front door you will note its ...

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House

TAS 7322


11A Back Cam Rd, Somerset

$499,000

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Open Home Sat 27th Apr 10:00am - 10:30am

Modern, Private & Peaceful Somerset is the place to be! With the village centre only a short drive away, you also have access to the beach, the park, the main street shops and more! The house itself has had several high quality features added that make this an incredibly desirable package. With: - ...

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House

TAS 7322


1 Pelissier St, Somerset

$560,000

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STUNNING SOMERSET PROPERTY

Located just meters to the river, beach & Somerset's village center, this property is value packed and is sure to attract plenty of interest. Featuring open plan living with a stunning entertainment area, gorgeous kitchen & bathroom and a detached studio or one room cabin. With lots of extra's at ...

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House

TAS 7322


31 Flinders Dr, Somerset

$449,000

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Flat Block, Large Shed!

Welcome to 31 Flinders Drive in Somerset. This brick constructed home is perfect for upsizes, downsizers, first home buyers and investors! Sitting on a flat 718sqm (approximately) block at the top end of Somerset with ocean glimpses, the new owners are provided with a great space for entertaining ...

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House

TAS 7322


30A Raglan St, Somerset

$889,000

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Exceptionally well built!

Privately tucked away on an internal block of land from the street and passing traffic, priced well below replacement, try replicating this home today!! Carefully constructed in 2009, the expense and thought to produce a low maintenance landscape with the long concrete driveway, garage with ...

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House

TAS 7322


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