Somerset, TAS 7322

Somerset, TAS 7322

Compare Part of Waratah/Wynyard

238.84 km
Distance from CBD
4 k
Population
Median Sale Price
House
$400K
Updated on May 2022
2 BR
$344K
3 BR
$399K
4 BR
$545K
Unit
$340K
Updated on May 2022
1 BR
-
2 BR
$320K
3 BR
$408K
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
$450,000
+27.3% $215,000 $825,000 24
Median Sale Price
$420K
Based on 53 recorded sales within the last 12 months
Updated on 3 Jul 2022
Suburb Growth
+23.8%
Current Median Price: $420,000
Previous Median Price: $320,000
Based on 120 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Jun 2022)
Price Range Segments (12 months ending Jun 2022)
Median Weekly Rent Price
House
$350
Updated on May 2022
2 BR
$295
3 BR
$355
4 BR
$395
Unit
$380
Updated on May 2022
1 BR
-
2 BR
$300
3 BR
$385
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 $370 44
2017
$290
+6.9% $190 $500 53
2018
$290
0.0% $200 $450 31
2019
$280
-3.6% $215 $460 38
2020
$350
+20.0% $240 $480 20
2021
$340
-2.9% $250 $450 24
2022
$360
+5.6% $340 $460 7
Median Rent Price
$350
per week
Based on 20 recorded rent within the last 12 months
Updated on 3 Jul 2022
Rent Price Growth
+5.7%
Current Median Rent: $350
Previous Median Rent: $330
Based on 36 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+4.3%
Current Median Price: $420,000
Current Median rent: $350
Based on 73 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Jun 2022)

Schools closest to Somerset, TAS 7322

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