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Suburb Insights ยท VIC 3062

Somerton 3062, Victoria

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Somerton is a well-established middle-ring suburb of Melbourne, Australia, with a population of approximately 6, making it a boutique locality. Located approximately 20 km from the Melbourne CBD, Somerton is a middle ring area in Victoria. The median household income is $61,724 AUD per year (ABS 2021 Census).

Investment Score

42 / 100 Moderate

Somerton's income profile suggests a value-oriented market with competitive purchase prices.

Location

Map shows Somerton, Victoria, Australia.

Key Indicators

Postcode
3062

Official Australia Post postcode for Somerton. A postcode may cover multiple suburbs.

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Population
6

Usual resident population at census night. Source: ABS 2021 Census of Population and Housing.

ABS Census Data โ†’
Median Rent (weekly)
$115/wk

Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.

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Median Household Income
$61,724/yr

Annual median household income (before tax) for all households. Source: ABS 2021 Census.

ABS Census Data โ†’
Distance to CBD
20 km

Straight-line distance from the suburb centroid (ABS 2021 SAL geography) to the nearest capital city CBD. Actual driving distance will be longer.

Lifestyle & Amenities

Schools nearby
1

Estimated 1 school within or near this suburb based on ABS 2021 data.

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Parks & green spaces
1

Estimated 1 park and green spaces near this suburb. Source: ABS 2021 data.

Median Mortgage (monthly)
$800/mo

Monthly median mortgage repayment for households currently paying off a mortgage. Source: ABS 2021 Census.

ABS Census Data โ†’
Dwelling Type
N/A

Proportion of separate houses vs units, townhouses, and other dwelling types. Source: ABS 2021 Census. Relevant for investors assessing rental demand mix.

ABS Census Data โ†’

Investment Insight

Somerton's middle-ring location balances affordability with accessibility. These suburbs often benefit from established infrastructure, good schools, and transport links โ€” making them attractive to families and long-term tenants. The median rent of $115/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $800/month.

Investment Strategy

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Buy & Hold

Holding property in Somerton over the medium term may deliver steady, if unspectacular, returns.

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Rental Yield

Achieving strong cash flow in Somerton is challenging at current rent-to-price ratios.

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Renovation / Flip

Renovation or flip strategies in Somerton face headwinds from a smaller buyer pool and slower turnover.

Risk Factors

Run the numbers on a Somerton property

Full Property Analysis

30-year projections for Somerton

Scenario comparison, cash flow analysis, tax modelling, and PDF export โ€” all in one place.

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2026 Outlook

Growth: Low Rental Demand: Moderate Investor Sentiment: Low

Somerton faces a cautious growth outlook for 2026 โ€” investors should focus on yield rather than short-term gains. Rental demand is expected to be stable, though landlords may need to remain competitive on pricing. Somerton is not a headline market, but contrarian investors may see long-term potential.

Frequently Asked Questions

Is Somerton a good suburb for investment?

Somerton is a middle ring area in Victoria with a population of 6. The median rent is $115/week and the median household income is $61,724/year (ABS 2021 Census). As with any property investment, conduct thorough due diligence on current listings, vacancy rates, and local infrastructure plans before committing.

What drives property demand in Somerton?

Key demand drivers in Somerton include established amenities and transport access. The area has approximately 1 schools and 1 parks nearby.

What is the population of Somerton?

According to the ABS 2021 Census, Somerton has a population of approximately 6. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Somerton from the Melbourne CBD?

Somerton is approximately 20 km straight-line distance from the Melbourne CBD (calculated from ABS 2021 suburb centroid coordinates). This is within comfortable commuting range with good transport links.

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