Somerville, VIC 3912

Somerville, VIC 3912

Compare Part of Mornington Peninsula

49.29 km
Distance from CBD
14 k
Population
Median Sale Price
House
-
Updated on Nov 2024
2 BR
-
3 BR
-
4 BR
-
Unit
-
Updated on Nov 2024
1 BR
-
2 BR
-
3 BR
-
Monthly Median Sale Price Market Trend
Sales Statistics (Houses)
Year Median Growth Low High # Sales
2009
$330,000
 0.0% $187,000 $790,000 184
2010
$390,000
 +15.4% $248,000 $1,525,000 183
2011
$390,000
 0.0% $222,500 $1,100,000 152
2012
$375,000
 -4.0% $285,000 $1,300,000 156
2013
$400,000
 +6.3% $245,000 $1,300,000 170
2014
$415,000
 +3.6% $265,000 $900,000 187
2015
$430,000
 +3.5% $265,000 $1,215,000,000 161
2016
$507,000
 +15.2% $1,000 $1,380,000 176
2017
$595,000
 +14.8% $390,000 $2,200,000 166
2018
$638,600
 +6.8% $490,000 $4,050,000 146
2019
$615,000
 -3.8% $397,500 $1,800,000 140
2020
$650,000
 +5.4% $490,000 $1,650,000 153
2021
$790,000
 +17.7% $450,000 $3,500,000 184
2022
$820,000
 +3.7% $496,000 $2,600,000 142
2023
$775,000
 -5.8% $550,000 $2,625,000 133
2024
$835,000
 +7.2% $221,000 $2,900,000 129
2025
-
 - - - -
Median Sale Price
$835K
Based on 129 recorded sales within the last 12 months
Updated on 10 Jan 2025
Suburb Growth
+7.8%
Current Median Price: $835,000
Previous Median Price: $770,000
Based on 258 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Dec 2024)
Price Range Segments (12 months ending Dec 2024)
Median Weekly Rent Price
House
-
Updated on Nov 2024
2 BR
-
3 BR
-
4 BR
-
Unit
-
Updated on Nov 2024
1 BR
-
2 BR
-
3 BR
-
Monthly Median Rent Price Market Trend
Rent Statistics (Houses)
Year Median Growth Low High # Rents
2011
$330
 0.0% $210 $650 72
2012
$330
 0.0% $220 $480 88
2013
$350
 +5.7% $260 $650 91
2014
$360
 +2.8% $260 $700 91
2015
$370
 +2.7% $275 $620 94
2016
$380
 +2.6% $290 $1,000 64
2017
$410
 +7.3% $295 $1,000 68
2018
$420
 +2.4% $300 $950 58
2019
$460
 +8.7% $350 $900 65
2020
$460
 0.0% $320 $850 64
2021
$500
 +8.0% $320 $1,200 46
2022
$550
 +9.1% $380 $1,850 72
2023
$575
 +4.3% $359 $950 63
2024
$590
 +2.5% $440 $1,600 68
2025
-
 - - - -
Median Rent Price
$590
per week
Based on 67 recorded rent within the last 12 months
Updated on 10 Jan 2025
Rent Price Growth
+2.5%
Current Median Rent: $590
Previous Median Rent: $575
Based on 131 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+3.7%
Current Median Price: $835,000
Current Median rent: $590
Based on 196 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Dec 2024)

Auction Results For Somerville

Houses sold in Last 12 months ends 4 Jan 2025

$959K

Median Sale Price

58%

Clearance Rate

4/7

Sold/Reported

$1.63M

Highest Sale Price

Sold Price Range No. of Sold Properties
$1.6 M - $1.8 M 1
$800 K - $1 M
(Median Price Range)		 1
$600 K - $800 K 1

Schools closest to Somerville, VIC 3912

School name Address Type Sector Distance
Somerville Primary School 37 ERAMOSA ROAD EASTSomerville 3912 Primary Government 0.31 km
Somerville Secondary College 37 GRAF ROADSomerville 3912 Secondary Government 0.75 km
Somerville Rise Primary School BLACKS CAMP ROADSomerville 3912 Primary Government 0.95 km
Padua College - Tyabb campus Tyabb 3913 Secondary Independent 1.02 km
St Brendan's Primary School GRAF ROADSomerville 3912 Primary Catholic 1.27 km