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 September 2018 Quarter. Click here for details.

Median Sale Price

$630k

Metro Melbourne

$834k

Quarterly Price Change

-4.2%

Metro Melbourne

0.0%

Median Rent

$390

Metro Melbourne

$450

Rental Yield

3%

Metro Melbourne

2.8%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate n/a 46.1%
Days on Market 28 38
Median price by Bedrooms Suburb Metro
2 Bedrooms n/a $895,000
3 Bedrooms $592,500 $744,750
4 Bedrooms $820,000 $880,000

Rental Data

Median rent by Bedrooms Suburb Metro
2 Bedrooms n/a $480
3 Bedrooms $390 $420
4 Bedrooms n/a $475

Median data for September 2018 Quarter. Click here for details.

Median Sale Price

$505k

Metro Melbourne

$600k

Annual Price Change

25.5%

Metro Melbourne

2.6%

Median Rent

$375

Metro Melbourne

$420

Rental Yield

3.9%

Metro Melbourne

3.6%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate n/a 46.1%
Days on Market 28 38
Median price by Bedrooms Suburb Metro
1 Bedroom n/a $375,000
2 Bedrooms n/a $575,000
3 Bedrooms $537,500 $771,000

Rental Data

Median rent by Bedrooms Suburb Metro
1 Bedroom n/a $365
2 Bedrooms $330 $431
3 Bedrooms $410 $520

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