Question 1

Is Somerset Dam a nice place to live?

Accepted Answer

Somerset Dam is a lakeside rural locality centred on the dam and Lake Somerset. Life there is quietly outdoors oriented, with boating, fishing, bushwalking, picnic areas, boat ramps and campgrounds on the foreshore. The settlement mixes a small waterside village and holiday cabins with larger rural properties, and the community is very small — 78 people with a median age of 60 — and mostly owner-occupied. Families are concentrated in couple families without children, with one-parent families making up the remainder.

Everyday shops and services are found in nearby towns such as Esk and access is by rural roads, so the pace is country. The dam is also the focus of a Seqwater improvement project, which has involved community consultation and works affecting the dam, lake recreation areas and some local access roads, and which has included planning discussions about the Cormorant Bay café and boat-ramp and play-equipment enhancements. Whether Somerset Dam suits you comes down to how much you value a small, lakeside, outdoors-oriented place.

Question 2

Is it expensive to live in Somerset Dam?

Accepted Answer

There haven't been enough recent sales or rentals in Somerset Dam 4312 to publish reliable house or unit prices or typical rents. With only the median household income from the most recent Census available, it's not possible to say how expensive it is to live in Somerset Dam compared with local incomes.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Somerset Dam a good place to invest?

Accepted Answer

Somerset Dam hasn't had enough recent sales to publish reliable figures on how house and unit prices or rents have changed over the past year. Without those figures, there isn't a clear picture of how the suburb has performed as an investment over the last 12 months.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	N/A	N/A
Change in value Past 12 months	N/A	N/A
Sold Past 3 months	1	N/A
Median days on market Past 12 months	N/A	N/A
Average rent Past 12 months	N/A	N/A
Change in rent Past 12 months	N/A	N/A

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