Somerville Suburb ProfileVictoria 3912
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Somerville has 5,793 properties. Over the last 5 years, Houses in Somerville have seen a 35.71% increase in median value, while Units have seen a 29.59% increase. As at 31 October 2024:
- The median value for Houses in Somerville is $837,136 while the median value for Units is $560,955.
- Houses have a median rent of $585 while Units have a median rent of $500.
The size of Somerville is approximately 38.4 square kilometres. It has 30 parks covering nearly 5.7% of total area. The population of Somerville in 2011 was 10,730 people. By 2016 the population was 11,340 showing a population growth of 5.7% in the area during that time. The predominant age group in Somerville is 50-59 years. Households in Somerville are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Somerville work in a trades occupation. In 2011, 78.2% of the homes in Somerville were owner-occupied compared with 77.3% in 2016.
Market Insights
Somerville Trends for Houses
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Somerville Trends for Units
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Neighbourhood Insights
Age
Population 11,340
0-9
12%
10-19
13%
20-29
13%
30-39
11%
40-49
13%
50-59
15%
60-69
12%
70-79
6%
80-89
4%
90-99
1%
Household Structure
Occupancy
Recent Sales in SOMERVILLE 3912
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0Properties for sale in SOMERVILLE 3912
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0Properties for rent in SOMERVILLE 3912
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Last Updated: 18/11/2024
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