All About Somers, Mornington Peninsula, VIC, 3927

Somers, located on the beautiful Mornington Peninsula in Victoria, Australia, offers a unique and appealing lifestyle that is drawing increasing attention in the housing market. Known for its tranquil setting and coastal charm, Somers provides residents with a serene escape from the hustle and bustle of city life. The housing market in Somers is characterized by a mix of charming beachside cottages, modern architectural homes, and spacious properties that take full advantage of the stunning natural surroundings. As demand for coastal living continues to rise, property values in Somers have seen steady growth, making it an attractive option for both investors and families seeking a permanent home. The area's appeal is further enhanced by its proximity to pristine beaches, nature reserves, and local amenities, offering a perfect blend of relaxation and convenience.

Living in Somers affords individuals a laid-back lifestyle, rooted in community and nature. With its tight-knit community, residents often engage in local activities and events, fostering a strong sense of belonging. The area is renowned for its outdoor recreational opportunities, including sailing, fishing, and hiking, thanks to its idyllic location by the coast and nearby preserves such as Coolart Wetlands and Homestead. The local education facilities, boutique shops, and dining options ensure that everyday needs are comfortably met, while a short drive connects Somers to the broader attractions of the Mornington Peninsula, including its world-class wineries and hot springs. Overall, Somers offers a peaceful, friendly environment with all the benefits of coastal living, making it a desirable place for those looking to enjoy a balanced and fulfilling lifestyle.

Somers Real Estate Market Outlook

Thinking about buying in Somers? Now could not be a better time, with 1618 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,866,000 with prices in this suburb ranging from $568,000 to $6,855,000. Somers is located very near to the coast so expect stunning views of the ocean and access to beaches. Demand is likely to be very strong in this location which will support higher prices

Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Somers due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. A mix of professions and above average income earners in Somers provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. High density population in Somers requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. Lower than average industry presence in Somers we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Somers a better buying opportunity than it may have been in the past.

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