Market snapshot

Suburb insights for Somerville3912

Change suburb

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.

Sales data

Median sale price
$909k
Quarterly price change
10.9%
Metro Melbourne Comparison
$916k
0.1%
BedroomsSomervilleMetro comparison
2-$902,000
3$762,500$807,500
4$959,000$950,000
InsightSomervilleMetro comparison
Clearance rate73.3%
Days on market4742

Rental data

Median weekly rent
$575
Rental yield
3.5%
Metro Melbourne Comparison
$575
3.3%
BedroomsSomervilleMetro comparison
2-$560
3$565$550
4-$595
Median data for the current quarter
Find a REIV member

Find a REIV member

Real estate professionals in your area with the right skills, the best knowledge and proven expertise.
Find a member