Located in the dynamic state of VIC (postcode 3912), SOMERVILLE is a vibrant real estate market. This suburb holds a median house price of $827,500 and has demonstrated an average buying growth of Down -1.8%. Last month, 55 houses were available, with 162 transactions completed in the past year. Properties spend around 38 days on the market, reflecting the area's demand with 2645 interested buyers. The average rental yield stands at 3.6%, with a weekly median rent of $420 per week and an average rent growth of Up 8.0%. Rental properties usually stay on the market for 22 days. The population in 2016 was 11340, which changed by +5.70% in the past five years. The median weekly household income is $1,466, reflecting an income change of +15.43% over the past five years. Residents have a median age of 40 years, and the suburb has an average annual growth for houses of +7.51%. To fully take advantage of SOMERVILLE's prosperous real estate market and substantial buyer interest, rely on Handle Properties. As the best buyers agent in SOMERVILLE, Handle provides end-to-end property investment services, backed by data and experts.