Somerton is a quiet locality in Victoria within the Hume local government area (postcode 3062). The area has roughly 6 residents and a mature demographic, with a median age of 52. Households earn a median income of $62K per year, with an average household size of 1.3 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +3.0% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count.
The current median weekly rent is $525. The median monthly mortgage repayment is $800.
Public transport access includes 12 bus stops. The crime rate in the Hume LGA is higher than average at 8,365 incidents per 100,000 population.
From an investment perspective, Population growth of +3.0% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.