Somerset TAS Property Investment

Waratah-Wynyard · 7322

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Median House Price

$535K

As of 7 Nov 2026.

Rental Yield

N/A

Vacancy Rate

N/A

Median Weekly Rent

N/A

Median Unit Price

$495K

As of 7 Nov 2026.

Population (Census 2021)

4,067

Somerset Short-Term Rental Market

Short-stay estimate: run a brief

Past price growth

Median house sale price growth, Rest of Tas. (not Somerset): 8.3% a year, Jun qtr 2021 to Jun qtr 2026. Source: Australian Bureau of Statistics, Total Value of Dwellings, June Quarter 2026. CC BY 4.0. Growth calculated by Estait. Past growth doesn't predict future prices.

New dwellings approved

New dwellings approved, Waratah-Wynyard council area, 12 months to Aug 2026: 68. Source: ABS Building Approvals, Australia (cat. 8731.0). This is the whole council area, not just Somerset.

Suburb Metric Thresholds

1 green1 yellow5 red

Population growth 2016–21, postcode 7322 (ABS Census)

0.83 high impact

Median Household Income

1100 medium impact

Public Transport Score

0 medium impact

School Zone Quality

4.8 medium impact

Distance to CBD

239.5 medium impact

SEIFA Advantage/Disadvantage

1 medium impact

Owner Occupier Rate

69.7 medium impact

Macro Environment

Macro Indicators

Cash Rate

4.85%

▲ 0.25%

Cash rate 4.85% as at 2026-11-04 (effective date) · Source: RBA cash rate target · Credit data 2026-09

Socio-Economic Profile

Source: ABS Census 2021

SEIFA Index · Postcode 7322

Most disadvantagedLeast disadvantaged

Decile 1 of 10 — High disadvantage

Population (suburb)

4,067

Education (IEO)

1/10

Econ. Resources (IER)

1/10

Crime & Safety

No official crime data for this area

Schools

In your catchment

Somerset Primary School

PrimaryGovernment

4.8/10

These are the government-school zones containing this suburb centroid. Specific addresses within the suburb may fall in different catchments — confirm with the school directly.