Somerset, TAS 7322

Somerset, TAS 7322

Compare Part of Waratah/Wynyard

238.84 km
Distance from CBD
4 k
Population
Median Sale Price
House
$255K
Updated on Jan 2020
2 BR
$222K
3 BR
$250K
4 BR
$387K
Unit
$230K
Updated on Jan 2020
1 BR
-
2 BR
$213K
3 BR
$325K
Monthly Median Sale Price Market Trend
Sales Statistics (Houses)
Year Median Growth Low High # Sales
2009
$200,000
0.0% $140,000 $455,000 37
2010
$257,500
+22.3% $55,000 $410,000 21
2011
$226,500
-13.7% $160,000 $950,000 32
2012
$235,000
+3.6% $150,000 $510,000 44
2013
$227,500
-3.3% $82,500 $650,000 79
2014
$227,500
0.0% $68,000 $470,000 105
2015
$225,000
-1.1% $87,500 $392,500 52
2016
$240,000
+6.3% $120,000 $480,000 58
2017
$245,000
+2.0% $110,000 $550,000 74
2018
$238,000
-2.9% $115,000 $620,000 57
2019
$315,000
+24.4% $165,000 $618,400 46
2020
$432,000
+27.1% $370,000 $442,000 4
Median Sale Price
$350K
Based on 43 recorded sales within the last 12 months
Updated on 19 Feb 2020
Suburb Growth
+35.4%
Current Median Price: $350,000
Previous Median Price: $226,000
Based on 98 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Jan 2020)
Price Range Segments (12 months ending Jan 2020)
Median Weekly Rent Price
House
$280
Updated on Jan 2020
2 BR
$260
3 BR
$270
4 BR
$370
Unit
$210
Updated on Jan 2020
1 BR
$170
2 BR
$220
3 BR
$430
Monthly Median Rent Price Market Trend
Rent Statistics (Houses)
Year Median Growth Low High # Rents
2011
-
- - - -
2012
-
- - - -
2013
-
- - - -
2014
$280
0.0% $160 $380 34
2015
$260
-7.7% $200 $380 35
2016
$265
+1.9% $195 $370 44
2017
$290
+8.6% $190 $500 53
2018
$290
0.0% $200 $450 31
2019
$280
-3.6% $215 $460 37
2020
$400
+30.0% $350 $500 4
Median Rent Price
$290
per week
Based on 35 recorded rent within the last 12 months
Updated on 19 Feb 2020
Rent Price Growth
-3.4%
Current Median Rent: $290
Previous Median Rent: $300
Based on 68 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+4.3%
Current Median Price: $350,000
Current Median rent: $290
Based on 78 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Jan 2020)

Auction Results For Somerset

Houses sold in Last 12 months ends 15 Feb 2020

$380K

Median Sale Price

100%

Clearance Rate

15/15

Sold/Reported

$618K

Highest Sale Price

Sold Price Range No. of Sold Properties
$600 K - $800 K 1
$400 K - $600 K 2
less than $400 K
(Median Price Range)
4

Schools closest to Somerset, TAS 7322

School name Address Type Sector Distance
Somerset Primary School WRAGG STREETSomerset 7322 Primary Government 1.16 km