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Somerville, VIC 3912
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$915,000
market range $875K-$1M
Median Unit
$630,000
market range $600K-$675K
Gross Yield (houses)
3.8%
1yr Growth (houses)
+6.8%
market range +0.0% to +12.5%
Investment snapshot for Somerville
Somerville has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Somerville market and investor summary
In Somerville, VIC 3912, the median house sells for around $915K, on a gross rental yield of 3.8% for houses. House prices have moved +6.8% over the past year. At 0.3% vacancy, it is a tight rental market that favours landlords.
For an investor, the rent-to-price profile sits mid-range: a gross house yield near 3.8% is neither a standout cashflow play nor a pure growth bet. Rental demand looks steady, with vacancy at 0.3% and a resident base that is not shrinking.
Living in Somerville: people, income and schools
Somerville has a resident population of roughly 11,767, a number that has held fairly steady over five years. At a median age of 40, it reads as skewed a little older, and 80% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
The typical household income runs to around $93,000 a year (about $1,780 a week). On socio-economic measures it ranks around the national middle on the ABS advantage index (6 out of 10). At current prices a median house runs to a steep 9.9 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 18% over five years, which tends to underpin what local buyers can pay.
Families have 10 schools within roughly 5km to choose from, testing close to the national school average on ICSEA. Somerville sits about 50 km from the CBD. Most day-to-day errands are doable on foot; the suburb scores 77 for walkability and 16 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Node.
- Population
- 11,767
- +2% over 5yr
- Median age
- 40 years
- Median household income
- $93,000/yr
- Households renting
- 16%
- Family households
- 75%
- Socio-economic rank
- 6/10
- ABS advantage index
- Schools within 5km
- 10
- avg ICSEA 992
- Unemployment
- 3.3%
- Distance to CBD
- 50 km
- Walk score
- 77/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Somerville
No properties currently listed in Somerville
Search Somerville listings →Frequently asked questions about Somerville
What should I check before investing in Somerville?
Somerville has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.6% gives a usable rent-to-price starting point. Capital growth of +6.8% in the past year shows positive recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Somerville?
The median property price in Somerville, VIC 3912 is $915K for houses and $630K for units.
What rental yield does Somerville show?
The gross rental yield in Somerville is 3.8% for houses and 4.6% 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 Somerville?
House prices in Somerville are up 6.8% over the past year. 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 Somerville?
The current vacancy rate in Somerville is 0.3%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Somerville?
Somerville has a population of approximately 11,767 residents, with a median age of 40.
What schools are near Somerville?
There are 10 schools within roughly 5km of Somerville. 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 Somerville affordable to buy in?
A median house in Somerville costs about 9.9 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 Somerville's population growing?
The population of Somerville has grown modestly, about 2% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Somerville from the CBD?
Somerville is about 50 km from the CBD.
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