Thinking about buying in Somerset? Now could not be a better time, with 2373 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $260,000 with prices in this suburb ranging from $14,000 to $3,456,000. Somerset is located very near to the coast so expect stunning views of the ocean and access to beaches. Demand is likely to be very strong in this location which will support higher prices

Somerset Real Estate Market Outlook

Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. Low average incomes in Somerset is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. The slightly lower than average earnings from occupations in Somerset changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Lower than average population density constrains growth in Somerset to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.

Houses for sale Somerset

	399 MURCHISON HWY, SOMERSET, TAS, 7322	5	1	1	Offers Over $699,000
	16B ARTHUR ST, SOMERSET, TAS, 7322	3	1	1	Best Offer Over $395,000
	UNIT 6, 34A ARTHUR ST, SOMERSET, TAS, 7322	3	1	1	$575,000
	16 SOMERSET ESP, SOMERSET, TAS, 7322	3	1	1	$685,000
	UNIT 2, 37 FALMOUTH ST, SOMERSET, TAS, 7322	2	1	1	$395,000
	58 SIMPSON ST, SOMERSET, TAS, 7322	3	1	1	$468,000
	550 BACK CAM RD, SOMERSET, TAS, 7322	4	3	3	$1,100,000
	UNIT 1, 9 CARDIGAN ST, SOMERSET, TAS, 7322	3	1	2	Offers Over $350,000
	108 MCKAYS RD, SOMERSET, TAS, 7322	2	2	4	$1,350,000
	44 ARTHUR ST, SOMERSET, TAS, 7322	3	1	2	Best Offers Over $445,000
	2 BELLS PDE, SOMERSET, TAS, 7322	3	2	2	Best Offers Over $599,000
	19 OLD CAM RD, SOMERSET, TAS, 7322	4	2	5	UNDER CONTRACT IN 11 DAYS!
	47 CARDIGAN ST, SOMERSET, TAS, 7322	3	1	8	UNDER CONTRACT IN 10 DAYS!
	UNIT 1, 7 LYONS ST, SOMERSET, TAS, 7322	7	4	1	Best Offers Over $699,000
	17 DALLAS RD, SOMERSET, TAS, 7322	4	2	7	Best Offers Over $799,000

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