3/13 Eramosa West Road Somerville VIC 3912
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High Yield - Important notice: Cap rate on $900,000 is 5.7% not 4% from your bank & dropping to 3% in future.
Property Details for 3/13 Eramosa West Rd, Somerville
About Somerville 3912
The size of Somerville is approximately 38.4 square kilometres. It has 30 parks covering nearly 5.7% of total area. The population of Somerville in 2016 was 11336 people. By 2021 the population was 11767 showing a population growth of 3.8% in the area during that time. The predominant age group in Somerville is 50-59 years. Households in Somerville are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Somerville work in a trades occupation.In 2021, 79.80% of the homes in Somerville were owner-occupied compared with 77.30% in 2016.
Somerville has 5,877 properties. Over the last 5 years, Houses in Somerville have seen a 34.44% increase in median value, while Units have seen a 30.40% increase. As at 30 November 2025:
- The median value for Houses in Somerville is $933,808 while the median value for Units is $617,063.
- Houses have a median rent of $650 while Units have a median rent of $550.
Suburb Insights for Somerville 3912
Market Insights
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