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Investment Property Somerville, VIC, 3912

Suburb Snapshot

Somerville is a suburb in the Mornington Peninsula Region of Victoria. Somerville has a population of 11,338 people and 18.03% of its occupants live in rental accommodation. The median listing price for houses is $800,000 and this has changed 2.56% over the past year and changed 5.26% over 2 years.

The median rent in Somerville for houses is $560 per week and the median rental yield is 3.64%. Stock on the market for houses/townhouses has changed 13.64% compared to last year and the average time to sell a house/townhouse is 74 days.The median listing price for units is $565,000 and this has changed -3.42% over the past year. The average unit takes 58 days to sell and the median rent for a unit in Somerville is $490 per week, producing a rental yield of 4.50%.

Supply & Demand in Somerville, Mornington Peninsula

0.27%

Current vacancy rate


13

Rental stock available


11,338

Population


18.03%

Rental population


0.56%

Current vacancy rate


541

Rental stock available


154,997

Population


14.32%

Rental population


0.93%

Current vacancy rate


28,886

Rental stock available


5,926,624

Population


24.77%

Rental population


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

Statistical data for Somerville, Mornington Peninsula

  House Townhouses Units
Median listing price $800,000 NA $565,000
Median price change - last quarter -0.30% NA -0.87%
Median price change - 1 year 2.56% NA -3.42%
Median price change - 2 years 5.26% NA 5.60%
  House Townhouses Units
Median weekly rent $560 NA $490
Median yield % 3.64% NA 4.50%
Median rent change - 1 year 1.81% NA 8.88%
  House Units
Previous month sales 8 1
Stock on market previous month 50 8
Stock variance vs. last year 13.64% -42.86%
Average days on market 74 58

Somerville investment property listings

Showing 2 of 2 investment properties found in Somerville on realestateinvestar.com.au

17 Wiltshire Dr, SOMERVILLE

$650,000

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House

VIC 3912


1 South Boundary Road East, SOMERVILLE

$1,800,000

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VIC 3912


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