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 4.8% and has experienced a 12-month capital growth of Up 11.9%, with a median house buy price of $542,500. This combination provides a balanced growth-and-yield potential for investment portfolios in Australia.
Market Yield & Price Indices
$481,000
$537,500
$680,000
$542,500
Suburb Market Profile
Last month Somerset had 8 properties available for rent and 25 properties for sale. Median property prices over the last year range from $542,500 for houses to $489,500 for units. If you are looking for an investment property, consider houses in Somerset rent out for $470 PW with an annual rental yield of 4.8% and units rent for $375 PW with a rental yield of 4.6%. Somerset has seen an annual compound growth rate of 11.9% for houses and 21.6% for units.
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