Loading...
Loading...
The information provided is for general informational purposes only. While we strive for accuracy, we make no guarantees about the completeness or reliability of the content. Any reliance you place on this information is at your own risk, and we are not liable for any losses or damages arising from its use.
Additionally, our site may contain links to external websites, which we do not control. The inclusion of these links does not imply endorsement of their content. By using Picki, you accept this disclaimer and acknowledge that the information may not be suitable for all users.
2023 Picki. All rights reserved.
Vernor is a suburb in Somerset Region, Australia with 233 residents. The median house price is $880K with a rental yield of 8.7%. Our analysis rates Vernor with a suburb score of 93/100 for investment timing.
This suburb shows strong investment potential with property prices forecast to outperform the market average over the next 1-3 years. Key indicators including vacancy rates, rental yields, and days on market all signal favorable conditions for capital growth.
93
Suburb Score
Thorough research about a suburb is crucial to grasp the 'why' behind an investment. However, no suburb stands alone—always assess it in relation to its surroundings. Tracking each data point over time is vital. But above all, it's crucial to comprehend why each data point matters and how it influences both short-term and long-term capital growth.
Current Sales Prices By Suburb - Median - Last 90 Days Rolling - Houses Only [AUD]
Loading...
What is this: The median sale price of properties sold in the suburb over a rolling 90-day period. This reflects the actual transacted value of properties rather than asking prices.
Investment tip: Understanding current sold prices helps identify undervalued suburbs compared to neighboring areas. Look for suburbs with lower median prices that share similar amenities with higher-priced neighbors - these often represent growth opportunities.
Sold Price
Asking Price
Picki displays every property available for sale in Australia, not just the highlighted ones advertisers pay for. We scan over 12,000 real estate agent websites daily across Australia, from the leading agencies to the smallest local ones. This effort means Picki reveals 30% more properties for sale compared to other sites. And since some homes show up on local agent sites days before they appear on the major advertising platforms, Picki provides you an early advantage.
View all propertiesSuburb | Sold Price | Recent Growth | Yield | Vacancy Rate | Days of Supply | Owner Occupier | Vendor Disc. |
|---|
Vernor has a suburb score of 93/100 for investment timing, placing it among the top-performing suburbs in Somerset Region for capital growth potential. The strong suburb score indicates favorable market conditions including positive price momentum, healthy rental demand, and low vacancy rates. Property investors looking for capital growth in Australia should consider Vernor as a priority suburb.
Vernor's capital growth outlook is positive based on current market indicators. Key drivers supporting capital growth in Vernor include strong buyer demand, limited housing supply, and positive demographic trends. Historical data suggests Vernor has outperformed many suburbs in Somerset Region for property value appreciation.
Vernor is located within Somerset Region Local Government Area in Australia. Somerset Region encompasses multiple suburbs, each with their own property market characteristics. Understanding the broader LGA trends can help investors identify whether Vernor is outperforming or underperforming relative to neighboring suburbs.
The current median house price in Vernor is $880K based on recent sales data. This median price positions Vernor as a mid-market suburb in Somerset Region, balancing accessibility for investors with capital growth potential.
Vernor has an average rental yield of 8.7%, which is above the national average, making it attractive for investors prioritizing cash flow and rental income. High-yield suburbs like Vernor can provide positive cash flow from day one, offsetting holding costs and mortgage payments.
Vernor has a population of approximately 233 residents. Population size and growth are important factors for property investment as they influence housing demand, rental markets, and local amenity development. Vernor is a smaller, more exclusive suburb which may offer unique lifestyle benefits and potential for price premiums on quality properties.
Vernor's suburb score of 93/100 can be compared against other suburbs in Somerset Region to identify relative investment value. With a score above 80, Vernor ranks among the top suburbs in the local government area for investment timing. This suggests stronger fundamentals compared to many neighboring suburbs. Compare all suburbs in Somerset Region using our platform to find the best investment opportunities.
