Somerton is a quiet locality in New South Wales within the Tamworth Regional local government area (postcode 2340). With a population of 272, the suburb has an established demographic with a median age of 38. Households earn a median income of $76K per year, with an average household size of 2.6 people. The most common occupations are managers, professionals, labourers. The top ancestries reported are Australian, English, Irish.
The median house price in Somerton is $250,000, having dropped significantly 30.7% over the past year. The current median weekly rent is $480. This gives a gross rental yield of approximately 10.0%. The median monthly mortgage repayment is $1,387.
Somerton is served by 1 school, including 1 primary. The average ICSEA score is 895, which is well below the national average of 1,000. Public transport access includes 18 bus stops. The crime rate in the Tamworth Regional LGA is moderate at 6,745 incidents per 100,000 population.
From an investment perspective, Somerton offers a gross rental yield of 10.0%, rated as high yield. Property prices sit below the state median ($250K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 3.3x is considered affordable. House prices have moved -30.7% year-on-year.
Somerton is a quiet locality in New South Wales within the Tamworth Regional local government area (postcode 2340). With a population of 272, the suburb has an established demographic with a median age of 38. Households earn a median income of $76K per year, with an average household size of 2.6 people. The most common occupations are managers, professionals, labourers. The top ancestries reported are Australian, English, Irish.
The median house price in Somerton is $250,000, having dropped significantly 30.7% over the past year. The current median weekly rent is $480. This gives a gross rental yield of approximately 10.0%. The median monthly mortgage repayment is $1,387.
Somerton is served by 1 school, including 1 primary. The average ICSEA score is 895, which is well below the national average of 1,000. Public transport access includes 18 bus stops. The crime rate in the Tamworth Regional LGA is moderate at 6,745 incidents per 100,000 population.
From an investment perspective, Somerton offers a gross rental yield of 10.0%, rated as high yield. Property prices sit below the state median ($250K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 3.3x is considered affordable. House prices have moved -30.7% year-on-year.