Somerset is an affordable north-west coastal suburb adjacent to Burnie, offering beachside living and proximity to Burnie's port and industrial employment base. Popular with workers and sea-changers seeking coastal affordability. At the current $390k median house price, an 80% loan at 6.25% over 30 years is about $1,921 per month.
| Median house price | $390,000 |
|---|---|
| Median unit price | $255,000 |
| Estimated monthly repayment | $1,921 at 80% LVR, 6.25%, 30 years |
| Annual price growth | 8% |
| Gross rental yield | 5.8% |
| Typical days on market | 22 |
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