TAS7322· Pop. 4,067Waratah-Wynyard

SOMERSET

EstablishedSteady performer with reliable demand and moderate capital growth

Investor score

Liveability score

Annual growth and vacancy rate are modelled estimates based on long-run state averages. Price and rent use real government data where available. This is not financial advice. See full disclaimer.

Median price

Est.

—

no recent data

Rent yield

Est.

—

modelled estimate

Annual growth

Est.

1.7%

modelled estimate

Vacancy rate

Est.

1.3%

modelled estimate

AI insights for SOMERSET

Investment analysis, risks & comparisons

PREMIUM

SOMERSET shows strong investment fundamentals with above-average rental demand and a tightening supply pipeline. The gentrification index of 67/100 signals continued capital appreciation potential, particularly within 600m of the main retail and transit corridor.

Key risk: elevated auction clearance volatility over the past two quarters suggests shifting buyer sentiment. Net yield after typical holding costs sits at approximately 3.6%, below the state median of 4.1% — factor this into cash-flow modelling.

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Price figures are estimated — suburb-level sale data isn't publicly released in this state yet. Rent, schools, safety, transport and demographics on this page are real; do your own due diligence on price before relying on it.

Median rent

$240/wk

weekly

Demand change

+1.6%

annual shift

Yield × growth index

—

combined signal

Net yield (est.)

3.84%

after mgmt, rates, insurance, maintenance

5-yr growth (CAGR)

+4.3%

est. compound, long-run avg

10-yr growth (CAGR)

+7.3%

est. compound, long-run avg

Rental demand

42 / 100

Moderate demand

Supply pipeline

Real

0.5%

new dwellings approved / stock · ABS 2024-25

Low supply pressure

5-year price history

No price history available.

Market overview

SOMERSET is a TAS suburb offering lower rental yield and moderate price growth. The local economy supports a stable rental base, with ongoing demand from owner-occupiers and investors seeking value outside capital cities.

Highlights

Very low vacancy rate — high rental demand
Access to national transport network and amenities

Risk factors

Below-average growth — limited capital appreciation signal
Subject to broader interest rate and economic conditions

Community profile

Source: ABS Census 2021 · ATO 2022–23

Median household income

$1,100/wk

$32k taxable p.a.

Renters

27.3%

69.7% owner-occupier

Median age

48.0 yrs

Unemployment

7.0%

Population growth

+0.2% p.a.

Investor-owned

10.0%

of all dwellings (ATO)

Houses

80%

6% apartments

Degree qualified

18.9%

bachelor's or higher (ABS)

Work from home

8.4%

of employed residents (ABS Census)

Median lot size

1.2 ha

Large block

Household size

2.6 persons

avg per dwelling (ABS Census)

Short-term rental

8.1%

Active STR market

Market activity

Distance to CBD

240.0 km

Regional

Days on market

90 days

Slower market

Auction clearance

21.1%

Buyer's market

Walkability

0 / 100

Car-dependent

Coastal proximity

9.2 km

Near coast

NBN technology

FTTP

Fastest — full fibre to premises

Population density

25/km²

Rural / semi-rural

Schools in postcode 7322

🏫1 Primary📚1 Combined

ACARA 2025

🏫Primary (1)

Somerset Primary School

Government · Yrs K-6 · Outer Regional

ICSEA 926(17%)

370 students15:1 student–teacher44% girls5% top SEA quarter

📚Combined (1)

Australian Christian College - Burnie

Independent · Yrs 1-10 · Outer Regional

ICSEA 979(37%)

28 students8:1 student–teacher32% girls13% top SEA quarter

ICSEA measures the socio-educational background of each school's student community — not academic results or school quality. National average = 1000. Source: ACARA My School 2025.

Liveability & safety

Safety index

Moderate

73/ 100

8.1 offences / 100 persons

⚠ Modelled estimate · details

School quality

Average

953ICSEA · national avg 1000

2 schools in postcode area

Source: ACARA My School 2025

Transit access

Car-dependent

10/ 100

🚆 0 train🚌 1 bus

Source: State GTFS feeds

Gentrification signal

/ 100

Stable / no signal

Established suburb with stable demographics. Consistent demand but lower gentrification upside.

Composite: education premium · youth cohort · rental activity · price gap · transit quality

Environmental risk

🌊

Flood risk

low

Source: State GIS flood zone data

🔥

Bushfire risk

high

Source: CFA / RFS / DFES zone data

⛈️

Storm risk

medium

Coastal exposure + state climate

Live suburb intelligence

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Location

Properties in SOMERSET

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