Download your FREE reports now!

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 $485,000 and this has changed 9.72% over the past year and changed 10.47% over 2 years.

The median rent in Somerset for houses is $400 per week and the median rental yield is 4.28%. Stock on the market for houses/townhouses has changed -11.76% compared to last year and the average time to sell a house/townhouse is 76 days.The median listing price for units is $419,500 and this has changed 5.13% over the past year. The average unit takes 164 days to sell and the median rent for a unit in Somerset is $285 per week, producing a rental yield of 3.53%.

Supply & Demand in Somerset, Waratah/Wynyard

0.43%

Current vacancy rate


9

Rental stock available


3,896

Population


23.64%

Rental population


0.35%

Current vacancy rate


27

Rental stock available


13,574

Population


21.42%

Rental population


0.51%

Current vacancy rate


1,414

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 $485,000 NA $419,500
Median price change - last quarter 3.63% NA -2.22%
Median price change - 1 year 9.72% NA 5.13%
Median price change - 2 years 10.47% NA NA
  House Townhouses Units
Median weekly rent $400 NA $285
Median yield % 4.28% NA 3.53%
Median rent change - 1 year 3.89% NA 1.78%
  House Units
Previous month sales 11 0
Stock on market previous month 30 2
Stock variance vs. last year -11.76% 100.00%
Average days on market 76 164

Somerset investment property listings

0 found properties in Somerset on realestateinvestar.com.au

Navigate to more Suburbs, Regions or States