Somers is a small community in Victoria within the Mornington Peninsula local government area (postcode 3927). With a population of 1,857, the suburb has a mature demographic with a median age of 53. Households earn a median income of $99K per year, with an average household size of 2.4 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Somers is $1.3 million, having dropped significantly 17.4% over the past year. The median weekly rent is $391 (Census 2021). This gives a gross rental yield of approximately 1.6%. The median monthly mortgage repayment is $2,167.
Somers is served by 2 schools, including 2 primary. The average ICSEA score is 1045, which is around the national average of 1,000. Public transport access includes 23 bus stops. The crime rate in the Mornington Peninsula LGA is moderate at 7,089 incidents per 100,000 population.
From an investment perspective, Somers offers a gross rental yield of 1.6%, rated as low yield. Property prices are above the state median ($1.3M/$875K), placing it in the premium segment. The price-to-income ratio of 12.9x is considered stretched. House prices have moved -17.4% year-on-year.
Somers is a small community in Victoria within the Mornington Peninsula local government area (postcode 3927). With a population of 1,857, the suburb has a mature demographic with a median age of 53. Households earn a median income of $99K per year, with an average household size of 2.4 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Somers is $1.3 million, having dropped significantly 17.4% over the past year. The median weekly rent is $391 (Census 2021). This gives a gross rental yield of approximately 1.6%. The median monthly mortgage repayment is $2,167.
Somers is served by 2 schools, including 2 primary. The average ICSEA score is 1045, which is around the national average of 1,000. Public transport access includes 23 bus stops. The crime rate in the Mornington Peninsula LGA is moderate at 7,089 incidents per 100,000 population.
From an investment perspective, Somers offers a gross rental yield of 1.6%, rated as low yield. Property prices are above the state median ($1.3M/$875K), placing it in the premium segment. The price-to-income ratio of 12.9x is considered stretched. House prices have moved -17.4% year-on-year.