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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 $835,000 and this has changed 7.05% over the past year and changed 9.86% over 2 years.

The median rent in Somerville for houses is $550 per week and the median rental yield is 3.42%. Stock on the market for houses/townhouses has changed 17.39% compared to last year and the average time to sell a house/townhouse is 74 days.The median listing price for units is $570,000 and this has changed -3.39% over the past year. The average unit takes 48 days to sell and the median rent for a unit in Somerville is $480 per week, producing a rental yield of 4.37%.

Supply & Demand in Somerville, Mornington Peninsula

0.31%

Current vacancy rate


15

Rental stock available


11,338

Population


18.03%

Rental population


0.58%

Current vacancy rate


564

Rental stock available


154,997

Population


14.32%

Rental population


0.94%

Current vacancy rate


29,256

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 $835,000 NA $570,000
Median price change - last quarter -0.30% NA -0.87%
Median price change - 1 year 7.05% NA -3.39%
Median price change - 2 years 9.86% NA 7.54%
  House Townhouses Units
Median weekly rent $550 NA $480
Median yield % 3.42% NA 4.37%
Median rent change - 1 year 0.00% NA 6.66%
  House Units
Previous month sales 7 2
Stock on market previous month 54 11
Stock variance vs. last year 17.39% 0.00%
Average days on market 74 48

Somerville investment property listings

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

381 Coolart Rd, SOMERVILLE

$1,750,000

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5

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2

Rural

VIC 3912


3/13 Eramosa West Rd, Somerville

$900,000

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Hot Investment with Regularly Rising Rent

Roll out the long-term lease of this central Somerville shopfront and watch the rewards rise. Tenanted on a long-term, multi-option guaranteed lease to a franchise of the multi-store international food brand Smokin' Joes, this 75sqm shopfront offers exceptional long-term stability, security, and ...

Get more info on this property
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0

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Commercial

VIC 3912


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