SOMERVILLE 3912
State: VICPosiProp AI Investment Summary
SOMERVILLE (VIC 3912) offers a compelling profile for property investors. The suburb currently holds an average rental yield of 4.2% and has experienced a 12-month capital growth of Up 5.1%, with a median house buy price of $910,000. This combination provides a balanced growth-and-yield potential for investment portfolios in Australia.
Market Yield & Price Indices
$755,000
$860,000
$1,205,000
$910,000
Suburb Market Profile
Last month Somerville had 9 properties available for rent and 51 properties for sale. Median property prices over the last year range from $910,000 for houses to $623,000 for units. If you are looking for an investment property, consider houses in Somerville rent out for $650 PW with an annual rental yield of 4.2% and units rent for $550 PW with a rental yield of 4.7%. Somerville has seen an annual compound growth rate of 5.1% for houses and 3.0% for units.
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