Somerton
3062 VIC
SOMERTON, VIC 3062 has a relatively small population with a higher percentage of residents aged between 45 to 64 years. The suburb's residents mostly commute by motor vehicle, and the median household income is moderate. The ICSEA percentile for government schools is not available.
Investors interested in SOMERTON should consider the lower median rent and mortgage repayments compared to the median household income. This could potentially attract renters looking for more affordable options.
SOMERTON, VIC 3062 offers a quiet residential setting with a mature age demographic, predominantly commuting by motor vehicle. The suburb may present investment opportunities for those looking for more affordable rental options.
Sources:
- proptechdata.com.au
- Australian Bureau of Statistics (ABS) Census 2021
- Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022
Neighbouring Suburbs
Suburb Highlights
Pricing and long-term growth profile for Somerton houses.
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Capital Growth
Pricing and long-term growth profile for Somerton houses.
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Rental Market
Yield, rental pricing and vacancy performance for Somerton houses.
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Supply & Demand
Stock levels, days on market and selling conditions for Somerton.
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Demographics
Household profile, income strength and owner occupier mix in Somerton.
Population
6
Owner Occupiers
0%
Median Income
$62k
IRSAD Rank
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