Question 1

Is Somerville a nice place to live?

Accepted Answer

Somerville, a residential suburb of Kalgoorlie-Boulder, includes a city-owned site at 1 Trasimeno Way that is proposed for temporary BHP workforce accommodation.

The community is young, with couples with children making up 55.1% of families and incomes above the Western Australian median. Everyday shopping and recreation are accessed in nearby Kalgoorlie, local roads connect residents to the town centre and services, and the draft North Somerville District Structure Plan, prepared as a council framework for future residential development with provisions for public open space and drainage networks, was placed on public exhibition.

Question 2

Is it expensive to live in Somerville?

Accepted Answer

In Somerville, a typical local household earned about $2,996 a week at the most recent Census. House rent averaging $800 a week would take about 27% of that weekly income, and unit rent averaging $620 a week would take about 21%.

The median house price of $590,000 works out to about 3.8 times a typical local annual household income, which sits at the relatively affordable end against local incomes. For renters the rent share is the most relevant measure, while buyers will look to the price multiple; whether these figures feel expensive depends on your own income and circumstances.

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 Somerville a good place to invest?

Accepted Answer

The most striking movement in Somerville is a large 33.3% rise in median house values over the past 12 months. Unit values also rose strongly, up 19.7%, while house rents climbed a solid 6.7%.

For houses in Somerville, capital growth outpaced rental income, with values rising much faster than rents.

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	$590K	N/A
Change in value Past 12 months	33.3%	19.7%
Sold Past 3 months	13	5
Median days on market Past 12 months	21	14
Average rent Past 12 months	$800	$620
Change in rent Past 12 months	6.7%	N/A

	Suburb	WA
Median age years	33	38
Median household income weekly	$2,996	$1,815
Couples with children share of families	55.1%	44.6%
Couples without children share of families	35.0%	38.8%
One-parent families share of families	8.7%	15.1%
Homes owned outright share of homes	16.1%	30.2%
Homes with a mortgage share of homes	45.8%	41.4%
Homes rented share of homes	38.1%	28.3%

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