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Somers, VIC 3927
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,495,000
market range $1.3M-$1.6M
Median Unit
$670,000
Gross Yield (houses)
2.9%
1yr Growth (houses)
-0.1%
market range -7.5% to +5.0%
Investment snapshot for Somers
Somers has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Somers market and investor summary
Somers (VIC 3927) runs a median house price of $1.5M, with houses yielding a gross 2.9%. House prices have moved -0.1% over the past year and -3.2% over three years. At 4.0% vacancy, it is a softer rental market with more choice for tenants.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 2.9% will not cover holding costs in the early years, so the case leans on price appreciation. Demand is softer at 4.0% vacancy, so longer gaps between tenants are more likely and worth building into the numbers. Houses also take time to sell, around 72 days on market, so plan for a slower exit if you ever need one.
Living in Somers: people, income and schools
Somers has a resident population of roughly 1,857, a number that has held fairly steady over five years. The median age is 53, an older, established demographic, and 85% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
Households here earn a median of about $99,000 a year, or roughly $1,910 a week. On socio-economic measures it ranks among the most advantaged in the country (9 out of 10 on the ABS advantage index). At current prices a median house runs to a steep 15.1 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 16% over five years, which tends to underpin what local buyers can pay.
There are 5 schools within about 5km, testing close to the national school average on ICSEA. It is roughly 67 km from the CBD. It is fairly car-dependent; the suburb scores 9 for walkability and 2 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Node.
- Population
- 1,857
- -2% over 5yr
- Median age
- 53 years
- Median household income
- $99,000/yr
- Households renting
- 12%
- Family households
- 74%
- Socio-economic rank
- 9/10
- ABS advantage index
- Schools within 5km
- 5
- avg ICSEA 1008
- Unemployment
- 4.5%
- Distance to CBD
- 67 km
- Walk score
- 9/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Somers
No properties currently listed in Somers
Search Somers listings →Frequently asked questions about Somers
What should I check before investing in Somers?
Somers has enough public data for first-pass screening across yield, vacancy, price and supply signals. Use the available metrics below to compare it with nearby suburbs before relying on the suburb-level view.
What are typical property prices in Somers?
The median property price in Somers, VIC 3927 is $1.5M for houses and $670K for units.
What rental yield does Somers show?
The gross rental yield in Somers is 2.9% for houses and 4.0% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Somers?
House prices in Somers are down 0.1% over the past year and down 3.2% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Somers?
The current vacancy rate in Somers is 4.0%. A rate under 2% generally signals a tight rental market. This suburb's rental market is softer, with tenants having more choice and rents possibly under pressure.
How many people live in Somers?
Somers has a population of approximately 1,857 residents, with a median age of 53.
What schools are near Somers?
There are 5 schools within roughly 5km of Somers. Their average ICSEA is close to the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Somers affordable to buy in?
A median house in Somers costs about 15.1 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Somers's population growing?
The population of Somers has fallen about 2% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Somers from the CBD?
Somers is about 67 km from the CBD.
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