Somerville, VIC 3912

Somerville, VIC 3912

Compare Part of Mornington Peninsula

49.29 km
Distance from CBD
14 k
Population

Auction Times

Sat 4 May
 Auction Time Agency
4 Roslyn Street
5 2 2 House
3:00 PM
Sat 4th May		 Harcourts Dandenong
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
$330,000
 0.0% $187,000 $790,000 184
2010
$390,000
 +15.4% $248,000 $1,525,000 183
2011
$390,000
 0.0% $222,500 $1,100,000 152
2012
$375,000
 -4.0% $285,000 $1,300,000 156
2013
$400,000
 +6.3% $245,000 $1,300,000 170
2014
$415,000
 +3.6% $265,000 $900,000 187
2015
$430,000
 +3.5% $265,000 $1,215,000,000 161
2016
$507,000
 +15.2% $1,000 $1,380,000 176
2017
$595,000
 +14.8% $390,000 $2,200,000 166
2018
$638,600
 +6.8% $490,000 $4,050,000 146
2019
$615,000
 -3.8% $397,500 $1,800,000 140
2020
$650,000
 +5.4% $490,000 $1,650,000 153
2021
$790,000
 +17.7% $450,000 $3,500,000 184
2022
$820,000
 +3.7% $496,000 $2,600,000 142
2023
$775,000
 -5.8% $550,000 $2,625,000 133
2024
$901,000
 +14.0% $585,000 $2,900,000 32
Median Sale Price
$780K
Based on 123 recorded sales within the last 12 months
Updated on 25 Apr 2024
Suburb Growth
-2.6%
Current Median Price: $780,000
Previous Median Price: $800,000
Based on 257 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
$330
 0.0% $210 $650 72
2012
$330
 0.0% $220 $480 88
2013
$350
 +5.7% $260 $650 91
2014
$360
 +2.8% $260 $700 91
2015
$370
 +2.7% $275 $620 94
2016
$380
 +2.6% $290 $1,000 64
2017
$410
 +7.3% $295 $1,000 68
2018
$420
 +2.4% $300 $950 58
2019
$450
 +6.7% $340 $900 65
2020
$460
 +2.2% $320 $850 64
2021
$500
 +8.0% $320 $1,200 46
2022
$550
 +9.1% $380 $1,850 72
2023
$560
 +1.8% $359 $950 63
2024
$565
 +0.9% $440 $1,600 16
Median Rent Price
$580
per week
Based on 57 recorded rent within the last 12 months
Updated on 25 Apr 2024
Rent Price Growth
+5.2%
Current Median Rent: $580
Previous Median Rent: $550
Based on 128 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+3.9%
Current Median Price: $780,000
Current Median rent: $580
Based on 180 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 Somerville

Houses sold in Last 12 months ends 20 Apr 2024

$845K

Median Sale Price

91%

Clearance Rate

10/11

Sold/Reported

$1.63M

Highest Sale Price

Sold Price Range No. of Sold Properties
$1.6 M - $1.8 M 1
$800 K - $1 M
(Median Price Range)		 4
$600 K - $800 K 5

Schools closest to Somerville, VIC 3912

School name Address Type Sector Distance
Somerville Primary School 37 ERAMOSA ROAD EASTSomerville 3912 Primary Government 0.31 km
Somerville Secondary College 37 GRAF ROADSomerville 3912 Secondary Government 0.75 km
Somerville Rise Primary School BLACKS CAMP ROADSomerville 3912 Primary Government 0.95 km
Padua College - Tyabb campus Tyabb 3913 Secondary Independent 1.02 km
St Brendan's Primary School GRAF ROADSomerville 3912 Primary Catholic 1.27 km