Somersby is a small community in New South Wales within the Central Coast (NSW) local government area (postcode 2250). With a population of 1,087, the suburb has a mature demographic with a median age of 47. Households earn a median income of $115K per year, with an average household size of 3 people. The most common occupations are managers, professionals, technicians & trades. The top ancestries reported are Australian, English, Irish.
The median house price in Somersby is $1.6 million, having dropped significantly 49.7% over the past year. Units have a median price of $726,000 (-5.3% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 2.1%. The median monthly mortgage repayment is $2,800.
Public transport access includes 21 ferry wharfves, 15 bus stops. The crime rate in the Central Coast (NSW) LGA is below average at 3,528 incidents per 100,000 population.
From an investment perspective, Somersby offers a gross rental yield of 2.1%, rated as low yield. Property prices are near the state median ($1.6M/$1.5M). The price-to-income ratio of 13.7x is considered stretched. House prices have moved -49.7% year-on-year.
Somersby is a small community in New South Wales within the Central Coast (NSW) local government area (postcode 2250). With a population of 1,087, the suburb has a mature demographic with a median age of 47. Households earn a median income of $115K per year, with an average household size of 3 people. The most common occupations are managers, professionals, technicians & trades. The top ancestries reported are Australian, English, Irish.
The median house price in Somersby is $1.6 million, having dropped significantly 49.7% over the past year. Units have a median price of $726,000 (-5.3% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 2.1%. The median monthly mortgage repayment is $2,800.
Public transport access includes 21 ferry wharfves, 15 bus stops. The crime rate in the Central Coast (NSW) LGA is below average at 3,528 incidents per 100,000 population.
From an investment perspective, Somersby offers a gross rental yield of 2.1%, rated as low yield. Property prices are near the state median ($1.6M/$1.5M). The price-to-income ratio of 13.7x is considered stretched. House prices have moved -49.7% year-on-year.