Lot 1/1 Village Lane

Somerset TAS 7322

The size of Somerset is approximately 27.0 square kilometres. It has 8 parks covering nearly 1.3% of total area. The population of Somerset in 2016 was 3903 people. By 2021 the population was 4067 showing a population growth of 4.2% in the area during that time. The predominant age group in Somerset is 60-69 years. Households in Somerset are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Somerset work in a professional occupation.In 2021, 69.70% of the homes in Somerset were owner-occupied compared with 69.30% in 2016.

Somerset has 2,048 properties. Over the last 5 years, Houses in Somerset have seen a 76.11% increase in median value, while Units have seen a 49.09% increase. As at 31 October 2025:

• The median value for Houses in Somerset is $499,265 while the median value for Units is $373,651.
• Houses have a median rent of $400 while Units have a median rent of $253.