Somerton Park, SA 5044
Compare Part of Holdfast Bay
10.67 km
Distance from Adelaide CBD
10 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 | $570,000 | 0.0% | $285,000 | $2,275,000 | 62 |
| 2010 | $590,000 | +3.4% | $365,000 | $1,625,000 | 75 |
| 2011 | $730,000 | +19.2% | $295,000 | $3,100,000 | 58 |
| 2012 | $640,000 | -14.1% | $275,000 | $4,500,000 | 89 |
| 2013 | $637,000 | -0.5% | $294,000 | $3,000,000 | 115 |
| 2014 | $675,000 | +5.6% | $275,000 | $2,850,000 | 94 |
| 2015 | $790,500 | +14.6% | $390,000 | $2,650,000 | 96 |
| 2016 | $750,000 | -5.4% | $409,000 | $2,850,000 | 80 |
| 2017 | $735,000 | -2.0% | $350,000 | $2,449,205 | 72 |
| 2018 | $860,000 | +14.5% | $362,500 | $3,075,000 | 76 |
| 2019 | $957,500 | +10.2% | $472,500 | $2,700,000 | 92 |
| 2020 | $1,010,000 | +5.2% | $400,000 | $2,600,000 | 82 |
| 2021 | $992,500 | -1.8% | $250,000 | $5,990,000 | 84 |
| 2022 | $1,075,500 | +7.7% | $430,000 | $2,800,000 | 83 |
| 2023 | $1,550,000 | +30.6% | $315,000 | $3,880,000 | 81 |
| 2024 | $1,151,000 | -34.7% | $700,000 | $2,325,000 | 22 |
Median Sale Price
$1.7M
Based on 73 recorded sales within the last 12 months
Updated on 19 Apr 2024
Suburb Growth
+35.3%
Current Median Price: $1,700,000
Previous Median Price: $1,100,000
Based on 160 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 | $400 | 0.0% | $250 | $900 | 41 |
| 2012 | $390 | -2.6% | $255 | $1,300 | 44 |
| 2013 | $450 | +13.3% | $245 | $1,600 | 54 |
| 2014 | $390 | -15.4% | $295 | $850 | 51 |
| 2015 | $440 | +11.4% | $295 | $1,300 | 87 |
| 2016 | $420 | -4.8% | $215 | $1,050 | 87 |
| 2017 | $475 | +11.6% | $240 | $950 | 84 |
| 2018 | $430 | -10.5% | $230 | $1,000 | 72 |
| 2019 | $490 | +12.2% | $280 | $960 | 63 |
| 2020 | $480 | -2.1% | $300 | $1,250 | 62 |
| 2021 | $550 | +12.7% | $270 | $1,200 | 77 |
| 2022 | $650 | +15.4% | $340 | $1,125 | 60 |
| 2023 | $660 | +1.5% | $360 | $1,750 | 67 |
| 2024 | $900 | +26.7% | $450 | $1,600 | 14 |
Median Rent Price
$695
per week
Based on 64 recorded rent within the last 12 months
Updated on 19 Apr 2024
Rent Price Growth
+6.5%
Current Median Rent: $695
Previous Median Rent: $650
Based on 121 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+2.1%
Current Median Price: $1,700,000
Current Median rent: $695
Based on 137 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Mar 2024)
Auction Results For Somerton Park
Houses sold in Last 12 months ends 13 Apr 2024
$1.15M
Median Sale Price
67%
Clearance Rate
6/9
Sold/Reported
$1.91M
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| $1.8 M - $2 M | 2 | |
| $1 M - $1.2 M (Median Price Range) | 2 | |
| $800 K - $1 M | 1 | |
Similar Suburbs to Somerton Park 5044
Based on median house sale price sold in last 12 months
Schools closest to Somerton Park, SA 5044
| School name | Address | Type | Sector | Distance |
|---|---|---|---|---|
| Brighton Secondary SchoolTop 100 | BRIGHTON ROADNorth Brighton 5048 | Secondary | Government | 0.79 km |
| Paringa Park Primary SchoolTop 100 | BOWKER STREETNorth Brighton 5048 | Primary | Government | 0.79 km |
| Glenelg Primary School | DIAGONAL ROADGlenelg East 5045 | Primary | Government | 1.34 km |
| St Peter's Woodlands Grammar SchoolTop 50 | 39 PARTRIDGE STREETGlenelg 5045 | Primary | Independent | 1.44 km |
| Marymount CollegeTop 50 | COLTON AVENUEHove 5048 | Combined | Catholic | 1.71 km |
| St Mary's Memorial SchoolTop 50 | 16 MILTON STGlenelg 5045 | Primary | Catholic | 1.8 km |
| Warradale Primary School | KEYNES AVENUEWarradale 5046 | Primary | Government | 1.64 km |
| Our Lady of Grace School | 38 BEADNALL TCEGlengowrie 5044 | Primary | Catholic | 1.78 km |
| Brighton Primary School | HIGHET AVENUEBrighton 5048 | Primary | Government | 2.19 km |
| Christ the King School | 126 DUNROBIN ROADWarradale 5046 | Primary | Catholic | 2 km |