Market snapshot
Suburb insights for Somerton3062
Change suburbSomerton, approximately 21 km north of Melbourne's CBD, is primarily an industrial and commercial suburb, playing a key role in logistics and warehousing for northern Melbourne. While residential development is limited, Somerton supports economic growth across the Hume region.
Sales data
Median sale price
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Annual price change
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Metro Melbourne Comparison
$953k
5.1%
| Bedrooms | Somerton | Metro comparison |
|---|---|---|
| 2 | - | $950,000 |
| 3 | - | $872,000 |
| 4 | - | $990,000 |
| Insight | Somerton | Metro comparison |
|---|---|---|
| Clearance rate | 68.8% | |
| Days on market | 42 |
Rental data
Median weekly rent
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Rental yield
-
Metro Melbourne Comparison
$580
3.1%
| Bedrooms | Somerton | Metro comparison |
|---|---|---|
| 2 | - | $600 |
| 3 | - | $560 |
| 4 | - | $600 |
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