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Somerton, VIC 3062
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$845,000
Median Unit
$445,000
Gross Yield (houses)
2.0%
1yr Growth
-
Investment snapshot for Somerton
Somerton has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Somerton market and investor summary
Somerton (VIC 3062) runs a median house price of $845K, with houses yielding a gross 2.0%.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 2.0% will not cover holding costs in the early years, so the case leans on price appreciation.
Living in Somerton: people, income and schools
Somerton is home to around 6 people, a count that has slipped about 3% over five years. The median age is 32, broadly working-age.
Households here earn a median of about $62,000 a year, or roughly $1,190 a week. At current prices a median house runs to a steep 13.7 times local household income, so affordability is a genuine constraint on local buyers.
There are 24 schools within about 5km, testing below the national school average on ICSEA. It is roughly 20 km from the CBD. It is fairly car-dependent; the suburb scores 11 for walkability and 4 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Premises.
- Population
- 6
- -3% over 5yr
- Median age
- 32 years
- Median household income
- $62,000/yr
- Households renting
- 36%
- Schools within 5km
- 24
- avg ICSEA 919
- Unemployment
- 9.1%
- Distance to CBD
- 20 km
- Walk score
- 11/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Somerton
No properties currently listed in Somerton
Search Somerton listings →Frequently asked questions about Somerton
What should I check before investing in Somerton?
Somerton has enough public data for first-pass screening across yield, vacancy, price and supply signals. Solid unit gross rental yield of 5.6%, giving a stronger rent-to-price starting point than many suburbs. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Somerton?
The median property price in Somerton, VIC 3062 is $845K for houses and $445K for units.
What rental yield does Somerton show?
The gross rental yield in Somerton is 2.0% for houses and 5.6% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
How many people live in Somerton?
Somerton has a population of approximately 6 residents, with a median age of 32.
What schools are near Somerton?
There are 24 schools within roughly 5km of Somerton. Their average ICSEA is below the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Somerton affordable to buy in?
A median house in Somerton costs about 13.7 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 Somerton's population growing?
The population of Somerton has fallen about 3% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Somerton from the CBD?
Somerton is about 20 km from the CBD.
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