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 3.8% and has experienced a 12-month capital growth of Up 5.2%, with a median house buy price of $895,000. This combination provides a balanced growth-and-yield potential for investment portfolios in Australia.
Market Yield & Price Indices
$780,000
$810,000
$1,195,000
$895,000
Suburb Market Profile
Last month Somerville had 8 properties available for rent and 52 properties for sale. Median property prices over the last year range from $895,000 for houses to $615,000 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 3.8% and units rent for $550 PW with a rental yield of 4.4%. Somerville has seen an annual compound growth rate of 5.2% for houses and -0.8% for units.