Somerset, TAS 7322
Compare Part of Waratah/Wynyard
238.84 km
Distance from Hobart CBD
4 k
Population
Median Sale Price
House
-
Updated on Feb 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Feb 2024
1 BR - | 2 BR - | 3 BR - |
Monthly Median Sale Price Market Trend
Sales Statistics (Houses)
| Year | Median | Growth | Low | High | # Sales |
|---|---|---|---|---|---|
| 2009 | $225,000 | 0.0% | $140,000 | $455,000 | 37 |
| 2010 | $257,500 | +12.6% | $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 | $299,000 | +20.4% | $165,000 | $618,400 | 46 |
| 2020 | $295,000 | -1.4% | $147,000 | $620,000 | 63 |
| 2021 | $327,000 | +9.8% | $170,500 | $635,000 | 55 |
| 2022 | $440,000 | +25.7% | $215,000 | $1,250,250 | 49 |
| 2023 | $435,000 | -1.1% | $255,000 | $936,000 | 51 |
| 2024 | $430,000 | -1.2% | $350,000 | $1,200,000 | 12 |
Median Sale Price
$435K
Based on 52 recorded sales within the last 12 months
Updated on 26 Apr 2024
Suburb Growth
-0.9%
Current Median Price: $435,000
Previous Median Price: $439,000
Based on 97 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Mar 2024)
Price Range Segments (12 months ending Mar 2024)
Median Weekly Rent Price
House
-
Updated on Feb 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Feb 2024
1 BR - | 2 BR - | 3 BR - |
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 | $280 | 0.0% | $200 | $380 | 35 |
| 2016 | $270 | -3.7% | $195 | $430 | 44 |
| 2017 | $290 | +6.9% | $190 | $500 | 53 |
| 2018 | $290 | 0.0% | $200 | $450 | 31 |
| 2019 | $290 | 0.0% | $215 | $460 | 38 |
| 2020 | $350 | +17.1% | $240 | $480 | 20 |
| 2021 | $350 | 0.0% | $250 | $450 | 24 |
| 2022 | $380 | +7.9% | $320 | $480 | 23 |
| 2023 | $380 | 0.0% | $310 | $500 | 29 |
| 2024 | $400 | +5.0% | $390 | $450 | 7 |
Median Rent Price
$400
per week
Based on 25 recorded rent within the last 12 months
Updated on 26 Apr 2024
Rent Price Growth
+5.0%
Current Median Rent: $400
Previous Median Rent: $380
Based on 53 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+4.8%
Current Median Price: $435,000
Current Median rent: $400
Based on 77 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Mar 2024)
Schools closest to Somerset, TAS 7322
| School name | Address | Type | Sector | Distance |
|---|---|---|---|---|
| Somerset Primary School | WRAGG STREETSomerset 7322 | Primary | Government | 1.16 km |