Somerset, TAS 7322

Somerset, TAS 7322

Compare Part of Waratah/Wynyard

238.84 km
Distance from CBD
4 k
Population
Median Sale Price
House
$310K
Updated on Aug 2020
2 BR
$274K
3 BR
$280K
4 BR
$395K
Unit
$258K
Updated on Aug 2020
1 BR
-
2 BR
$245K
3 BR
-
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
$310,000
-1.6% $187,000 $620,000 38
Median Sale Price
$315K
Based on 50 recorded sales within the last 12 months
Updated on 18 Sep 2020
Suburb Growth
+15.9%
Current Median Price: $315,000
Previous Median Price: $265,000
Based on 98 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Aug 2020)
Price Range Segments (12 months ending Aug 2020)
Median Weekly Rent Price
House
$300
Updated on Aug 2020
2 BR
$275
3 BR
$300
4 BR
$323
Unit
$210
Updated on Aug 2020
1 BR
$195
2 BR
$265
3 BR
$370
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
$265
-5.7% $195 $370 44
2017
$290
+8.6% $190 $500 53
2018
$290
0.0% $200 $450 31
2019
$280
-3.6% $215 $460 38
2020
$350
+20.0% $240 $500 18
Median Rent Price
$340
per week
Based on 27 recorded rent within the last 12 months
Updated on 18 Sep 2020
Rent Price Growth
+20.6%
Current Median Rent: $340
Previous Median Rent: $270
Based on 62 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+5.6%
Current Median Price: $315,000
Current Median rent: $340
Based on 77 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Aug 2020)

Auction Results For Somerset

Houses sold in Last 12 months ends 12 Sep 2020

$399K

Median Sale Price

100%

Clearance Rate

3/3

Sold/Reported

$399K

Highest Sale Price

Sold Price Range No. of Sold Properties
less than $400 K
(Median Price Range)
2

Schools closest to Somerset, TAS 7322

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