Profile for Somerville

3912

Somerville is located 50 km south of the CBD. Located on the Mornington Peninsula Somerville has experienced rapid growth during the last twenty years on the tail of sustained residential development. The suburb is primarily residential and rural living in character with scattered tracts of reserves and parklands. The Crib Point railway line traverses the suburb while the Western Port Bay bounds the east. The suburb also features the St John's Presbyterian Retirement Village and the Somerville Reserve.

Median data for March 2020 Quarter. Click here for details.

Median Sale Price

$770k

Metro Melbourne

$893k

Quarterly Price Change

14.9%

Metro Melbourne

3.7%

Median Rent

$410

Metro Melbourne

$460

Rental Yield

3.4%

Metro Melbourne

2.8%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate n/a 73.1%
Days on Market 56 32
Median price by Bedrooms Suburb Metro
2 Bedrooms n/a $880,000
3 Bedrooms $600,000 $750,000
4 Bedrooms $720,000 $885,000

Rental Data

Median rent by Bedrooms Suburb Metro
2 Bedrooms n/a $500
3 Bedrooms $403 $440
4 Bedrooms n/a $490

Median data for March 2020 Quarter. Click here for details.

Median Sale Price

$460k

Metro Melbourne

$623k

Annual Price Change

-4.2%

Metro Melbourne

4.6%

Median Rent

$380

Metro Melbourne

$430

Rental Yield

4.3%

Metro Melbourne

3.6%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate n/a 73.1%
Days on Market 56 32
Median price by Bedrooms Suburb Metro
1 Bedroom n/a $375,575
2 Bedrooms n/a $585,000
3 Bedrooms n/a $775,000

Rental Data

Median rent by Bedrooms Suburb Metro
1 Bedroom n/a $375
2 Bedrooms n/a $450
3 Bedrooms n/a $530

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