Median priceⓘLast 12 months
520kk
↑ +15.6% YoY
House sales lead the way in Somerset, with 43 sales at around $520K (up), taking about 29 days to sell (down from 36 days last year), with 3-bedroom dominating at around two-thirds.
House rentals are nearly as big, with 30 leases at $455 a week (up), renting out in about 25 days (up from 20 days last year), less sought-after than most house rental markets, with 3-bedroom dominating at around 85%. Followed by 20 unit rentals at $375 a week (less sought-after than most unit rental markets). 14 unit sales at around $453.5K.
Who lives hereA low-income, mostly owner-occupied, older-leaning suburb.
House covers houses, duplexes, semi-detached and terraces; Unit covers apartments, units, townhouses and villas.
Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing and Socio-Economic Indexes for Areas (SEIFA) 2021 · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.
The age structure, household make-up, and cultural fabric of the people who call this suburb home.
Share of all residents by 5-year band · hover a band for the count + split
10% report Irish ancestry, but only 0.0% were born in Ireland — the gap is the Australian-born and diaspora Irish community, invisible in birthplace alone.
A predominantly Australian-born community.
2020–21 understated — COVID border closures.
Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.
What it costs to live here, who owns versus rents, and the shape of the housing stock.
Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.
Incomes, employment, and the occupation mix of the people who live here.
A typical household pulls in about 1.8× the typical individual — a multi-earner area.
Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.
How people get to work, and how car-dependent the suburb is — the clearest tell of inner-urban versus outer-suburban living.
Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.
Education · ACARA My School 2025
2 schools inside Somerset, plus the closest options around it. Distances are straight-line from the suburb centre and are not enrolment catchments — always confirm zones with the school.
ICSEA is ACARA’s official measure of a school’s socio-educational advantage — based mainly on parents’ education and occupation, plus the school’s location and student mix.
Why are some State Rank and star ratings blank? Schools can choose not to publish their results. In practice, schools that score well above their state average almost always publish theirs — so a blank rating more often reflects a school opting out than a top result being hidden. Academic results also tend to rise with ICSEA Rank, so higher-ICSEA schools more often carry a strong State Rank as well.
School profile and ICSEA data sourced from ACARA — © Australian Curriculum, Assessment and Reporting Authority (data year 2025) · State Rank & star columns are Micromarkets-compiled academic ratings from publicly available school results · Distances are straight-line from the suburb centre, not catchments.
How settled or transient the community is — and where newcomers came from.
Headline price, rent, yield and time on market for Somerset — choose a property type and size below.
Every segment this suburb tracks — sales and rentals side by side, ranked by total activity over the last twelve months.
Where each segment sits against its peers in the chosen geography — past the midline means it's outperforming the rest.
Market demandHow fast this market is moving — a velocity index built from trailing-year transaction volume and median days on market. Strong volume lifts the score; days on market drags it down, with the drag growing sharply once listings start lingering. Ranked against peers in the chosen geography.
What it costs each week to own a property versus renting the same one — positive means buying carries the premium, negative means rent covers the mortgage.
Two questions on one chart — how strong demand is right now, and which way it's heading year-on-year.
Eight diagnostic views cutting the data a different way each time — Somerset in blue, peers in colour.
How long current listings would take to clear at the recent rate of sales or leases. Critical shortage and Oversupply only fire at the genuine tails of the national distribution — sales tip in under 0.7 months, rentals far faster, under 0.3.
Out of every property transaction in this suburb, what share are sales versus leases — each point a rolling twelve-month window.
Each tape traces one metric across sixty months for the selected segment — every point a trailing twelve-month figure, matching the headline KPIs above.
Every market within reach of Somerset, ranked by distance — each compared against this suburb's Houses · Total segment so divergence reads at a glance.
TAS markets whose Houses · Total segment behaves most like Somerset's on the buy side — ranked by a like-for-like blend of price, yield, days on market, ownership cost and cycle phase.
Comparable sales markets to Somerset include East Devonport (TAS 7310), Romaine (TAS 7320), Miandetta (TAS 7310), Longford (TAS 7301), Upper Burnie (TAS 7320), Herdsmans Cove (TAS 7030), Shorewell Park (TAS 7320) and Prospect (TAS 7250). Each link opens that suburb's full market report.
22 data-driven answers about Somerset's property market — every one computed from the metrics above.
The median house price in Somerset, TAS 7322 is $520k as of June 2026, based on 43 sales recorded over the past 12 months. Houses there have moved +15.6% year-on-year. Prices vary by bedroom count, from compact two-bedroom homes to larger four-bedroom houses. See the bedroom-level breakdown below for 2-, 3- and 4-bedroom medians.
The median unit price in Somerset, TAS 7322 is $454k as of June 2026, based on 14 sales over the past 12 months. Units have moved +9.8% year-on-year and currently trade at roughly 87% of the median house price.
The median weekly house rent in Somerset is $455 as of June 2026, drawn from 30 leases over the past 12 months. Units rent for around $375 per week. House rents have moved +9.6% year-on-year. Current vacancy pressure is shown in the supply section above.
Gross rental yield in Somerset is 4.60% for houses and 4.20% for units as of June 2026, compared with the TAS unit median of 4.80%. Gross yield is annual rent divided by purchase price — it doesn't account for ownership costs like council rates, strata, maintenance or vacancy.
As of June 2026, Somerset medians by bedroom count:
| Property | 1 bed | 2 bed | 3 bed | 4 bed | Total |
|---|---|---|---|---|---|
| Houses | — | $409k | $506k | $689k | $520k |
| Units | — | $460k | $831k | — | $454k |
Figures cover only segments with enough recent transactions to be statistically meaningful; sparse segments are excluded.
Somerset's property market trends to June 2026: house prices rose +15.6% year-on-year and units +9.8%; weekly house rents moved +9.6%; homes now sell in a median 29 days — faster than a year ago by 7; sales supply sits at 4.7 months (very loose). Read together — price, rent, selling speed and supply — they show which way the Somerset market is leaning. The 5-year tape and demand cycle charts above plot the full trajectory.
As of June 2026 in Somerset, house prices rose +15.6% over the year, gross rental yield is 4.60% against a TAS median of 4.40%, houses take a median 29 days to sell, sales supply is 4.7 months (very loose). Capital growth, rental yield, selling speed and supply are the signals investors weigh — but these figures describe the market, not a recommendation. This is data, not financial advice; always do your own research and consider a licensed adviser.
Houses in Somerset sell in a median 29 days on market as of June 2026, with units clearing slightly slower at 55 days. Days on market have tightened by 7 days versus a year ago. Faster clearance typically coincides with stronger buyer demand and lower supply.
Somerset's sales market sits at 4.7 months of supply for houses as of June 2026 — classified as Very Loose against the Australian distribution. Under 1.7 months is Severe (extreme shortage); over 4.5 months is Loose. The rental side is tighter still at 0.4 months of supply.
House prices in Somerset moved +15.6% over the 12 months to June 2026, while units moved +9.8%. The 5-year tape above plots the full monthly trajectory — showing where the market changed character rather than just crossing round numbers.
Somerset's house rental market sits at 0.4 months of supply as of June 2026 — classified as Severe (extreme shortage), with 30 houses leased over the past 12 months. Units sit at 0.0 months. Tighter supply typically corresponds to faster letting and upward pressure on rents.
Somerset's house market is currently in the 'softer_firming' phase as of June 2026 — combining below-median sales velocity nationally with year-on-year tightening in days on market. The demand cycle chart above plots all eight segments on the same demand-versus-direction axes.
Somerset's median house price ($520k) is 20% below the TAS median ($650k) as of June 2026. On selling speed, houses clear in 29 days vs 35 days state median. On gross yield, Somerset sits at 4.60% vs 4.40% state median.
Somerset's most-similar nearby market is East Devonport (51.6 km away) with a median house price of $525k — about 1% pricier. The Nearby and Similar markets sections above rank every peer within radius and by composite similarity across price, days on market, yield, ownership cost and cycle phase.
The most-transacted segment in Somerset over the 12 months to June 2026 is 3 bed houses with 32 sales. 2 bed units come second at 11 sales. The 'Most popular' panel above breaks down the top segments with weekly mortgage, rent and ownership-cost detail.
Somerset recorded 43 house sales and 14 unit sales over the 12 months to June 2026 — a combined 57 transactions. On the rental side, 30 houses and 20 units were leased. Segments with statistically thin samples are excluded from displayed figures.
Somerset, TAS 7322 is home to 4,067 residents (ABS Census 2021). The median resident age is 48, and the average household holds 2.2 people. The "Who lives here" section above breaks the community down by age, life stage and tenure.
The median household in Somerset earns $1k per week — roughly $57k a year (ABS Census 2021). Median personal income runs $602/week. Income, rent-to-income and mortgage-to-income context sits in the "Who lives here" section above.
Somerset is mostly owner-occupied: about 71% of households are owner-occupiers and 28% rent (ABS Census 2021). Of owners, 41% own outright and 30% are paying off a mortgage.
Somerset has 20 schools within reach, 2 of them inside the suburb itself — including Australian Christian College - Burnie, Somerset Primary School. The Schools section above maps each one with sector, year range, enrolment, Micromarkets-compiled academic ratings and ICSEA (ACARA).
Somerset, TAS 7322 has a population of 4,067, a median age of 48, a median household income around $1k/week, 28% of households renting (ABS Census 2021). There are 20 schools within reach. Whether it's the right fit depends on your priorities — these figures describe the community, housing mix and amenity rather than offer a verdict.
This Somerset market data was last updated June 2026. Figures are computed monthly from 12-month rolling windows of recorded sales and leases, with five years of monthly history behind the trend charts. Methodology, glossary and data sources are linked in the footer.
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