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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

Showing 5 of 41 investment properties found in Somerset on realestateinvestar.com.au

6 Wragg St, Somerset

$599,000

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Historic Home Offers Exceptional Lifestyle Appeal

Circa 1900, this gorgeous property is drenched in charm with a blend of modern and original features, a stunning kitchen, renovated bathroom, and elegant finishes, all located within a short walk from the Cam River, Somerset Beach, and the shops and cafes in town. As you approach the home, you ...

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TAS 7322


24 Athol St, Somerset

$625,000

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Heritage Elegance Meets Modern Refinement

Step into a piece of Tasmanian history with this sophisticated residence at 24 Athol Street, Somerset. Built in 1891, this charming four-bedroom home gracefully marries its rich heritage with modern convenience, offering a lifestyle of comfort and elegance close to town. From the moment you ...

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TAS 7322


67 Raglan St, Somerset

$595,000

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A Home Full of Heart in the Heart of Somerset

There's something special about a home that has been cherished by the same family for more than 50 years - and this inviting Somerset residence is exactly that. Well maintained throughout and filled with natural light, it offers the perfect opportunity for first home buyers, young families or ...

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TAS 7322


16 Pelissier St, Somerset

$649,000

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Timeless Renovation with Water Views

Step into the perfect blend of timeless charm and modern living with this beautifully presented 1950s-style home, thoughtfully renovated throughout to offer comfort, style, and functionality. Featuring 3 spacious bedrooms, the main bedroom includes a walk-in wardrobe and stunning new ensuite with ...

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TAS 7322


19 Murchison Hwy, Somerset

$619,000

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Bright, Modern Home with Large Shed

Welcome to 19 Murchison Highway, Somerset - A light-filled, modern home offering comfortable everyday living with practical features throughout. Property Highlights: - Open plan kitchen, living and dining area filled with natural light - Living space over looking the Cam River - Reverse cycle ...

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TAS 7322


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