Somerset TAS 7322

Here you can find what you need to know about Somerset, TAS, including house prices in the area, median values, annual growth, recent sale prices, maps, a suburb profile and much more.

Suburb Insights
for Houses in last 12 months

At a Glance

$245k Median Sale Price (National Average $485k) 431st In TAS
-0.81% Median Price Change (1 yr) (National Average 4.30%) 583rd In TAS
$300pw Median Rent (National Average $395) 233rd In TAS
6.4% Median Gross Yield (National Average 4.24%) 67th In TAS
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Properties sold 69
Average discounting -7.24%
Average Days on Market 72
Stock on Market 28 for sale

Investment Strategy Scores

See how this property rates against different investment strategies. Learn more

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How we calculate the suburb Cash Flow Score

The suburb Cash Flow Score is simply the average of all the individual Cash Flow Scores for each property in that suburb.

A higher score indicates the suburb is more likely to contain properties that deliver an above average gross yield.

Somerset, TAS National
Median
Gross Yield

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Capital Growth Score

The suburb Capital Growth Score is simply the average of all the individual Capital Growth Scores for each property in that suburb.

A higher score indicates the suburb has recently experienced significant capital growth and the short term outlook for further growth is likely to be good given strong market health indicators.

Somerset, TAS National
Change in Median
Price (1 yr)
Average Days
on Market
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Lower Risk Score

The suburb Lower Risk Score is simply the average of all the individual Lower Risk Scores for each property in that suburb.

A higher score indicates the suburb has increased in value over a longer period so is less likely to only be due to recent market forces. It is also likely to contain properties that command higher rent than average and therefore attract higher income tenants. Furthermore, properties in this suburb are likely to be easier to sell in the future due to strong market health indicators.

Somerset, TAS National
Average Days
on Market
Change in Median Price
(5 yr)
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.

Property Prices in Somerset


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State Auction Clearance Rates - March 2019

Auctions Clearance rate
TAS 6 0%
ACT 75 55%
NSW 634 63%
NT 9 12%
QLD 104 43%
SA 105 55%
VIC 943 54%
WA 27 45%

Local Schools


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Suburb Information

Somerset, TAS 7322

Part of: Waratah-Wynyard Council No data available

The size of Somerset is approximately 27 square kilometres. It has 20 parks covering nearly 1.7% of total area. The population of Somerset in 2011 was 3,974 people. By 2016 the population was 3,885 showing a population decline of 2.2% in the area during that time. The predominant age group in Somerset is 50-59 years. Households in Somerset are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Somerset work in a trades occupation. In 2011, 71% of the homes in Somerset were owner-occupied compared with 69.3% in 2016. (source: Australian Bureau of Statistics)

View all properties for sale in Somerset

Demographic data provided
by Australian Bureau of Statistics


Market Trends for Somerset   for Houses in last 12 months


There have been 72 Houses sold in Somerset in the past 12 months with a median sale price of $242K, up -0.41% annually. It takes on average 87 days to sell with vendor discounting of -7.07%.

Streets in Somerset


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