SOMERSET 7322
State: TASPosiProp AI Investment Summary
SOMERSET (TAS 7322) offers a compelling profile for property investors. The suburb currently holds an average rental yield of 4.9% and has experienced a 12-month capital growth of Up 18.3%, with a median house buy price of $532,500. This combination provides a balanced growth-and-yield potential for investment portfolios in Australia.
Market Yield & Price Indices
$445,500
$500,000
$707,500
$532,500
Suburb Market Profile
Last month Somerset had 6 properties available for rent and 23 properties for sale. Median property prices over the last year range from $532,500 for houses to $429,000 for units. If you are looking for an investment property, consider houses in Somerset rent out for $450 PW with an annual rental yield of 4.9% and units rent for $340 PW with a rental yield of 4.5%. Somerset has seen an annual compound growth rate of 18.3% for houses and 3.9% for units.