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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 5 of 84 investment properties found in Somerville on realestateinvestar.com.au

7 Treehaven Pl, Somerville

$1,020,000

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Beautifully Updated Family Entertainer on 627m² (Approx.) in a Q

Step inside and prepare to be impressed. This superbly updated family home, sitting proudly on 627m² (approx.), delivers modern style, effortless comfort and brilliant functionality in a peaceful and highly sought-after court. Offering a generous 178m² (approx.) of internal living, it's the ...

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House

VIC 3912


11 Leonina Ct, Somerville

$1,425,000

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Family Lifestyle Living

Welcome to your beautifully renovated Federation style home sitting on a fantastic 954m2 approx corner block. Located in a quiet family friendly pocket of Somerville within minutes of Somerville shopping centre, public transport, walking distance to both primary/secondary schools and just a short ...

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House

VIC 3912


1 Park La, Somerville

$780,000

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The Brief: Where Every Evening Ends Outside

It's Addressed: Set behind a dramatic sliding gate framed by rich hardwood posts and architectural corrugated steel panelling, 1 Park Lane announces itself with quiet, considered confidence, the kind that only deepens as you move through the home. Completely reimagined and rebuilt to an ...

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House

VIC 3912


1/14 Clarendon Dr, Somerville

$575,000

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Effortless Living in the Heart of Somerville

Perfectly positioned and beautifully presented, this fully renovated two-bedroom unit at 1/14 Clarendon Drive offers a seamless blend of contemporary style and low-maintenance comfort. Whether you are a first-home buyer, downsizer, or savvy investor, this home is truly move-in ready. No third ...

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Unit

VIC 3912


23 Clarinda St, Somerville

$950,000

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The Perfect Blend of Space and Location

Positioned on a generous 1,000m² (approx.) allotment in the heart of Somerville, this outstanding property presents an exceptional opportunity for families, investors and developers alike. Offering a comfortable three-bedroom home plus study, the property combines immediate lifestyle appeal with ...

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House

VIC 3912


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