Waratah-Wynyard Council
Somerset
Somerset at a glance
Median house
$435,000
Median unit
$350,000
Walk score
0
Very car dependent
Population
4,067
Median age 48
The brief
What to know about Somerset.
Somerset (7322) sits in the Waratah-Wynyard region of Tasmania. The median house here is $435,000, below the Tasmania median of around $650K.
Somerset has roughly 4,067 residents, with an established, older skew. Households are dominated by renters. Daily life is car-dependent: most residents drive to work, school and the shops.
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Day to day
What it’s like to live here.
Somerset scores 0/100 on walkability, which makes it car-dependent with limited public transport. Plan for two cars in a typical household, especially if work isn't local.
Schooling within or near the suburb covers 5 government primary, 4 government secondary, 3 Catholic, 1 independent.
Who lives here
Demographics.
The 2021 Census put Somerset's population at 4,067, with a median age of 48. That sits as an established, older skew.
Population
4,067
Median age
48
Family households
–
Lone person
–
Houses change hands at $435,000 on a typical sale, below the Tasmania median. Units come in around $350,000, roughly 20% below the house median.
For buyers
A 20% deposit on the median house works out to roughly $87,000. Prices are below the Tasmania median, which keeps Somerset on the radar for first-home buyers and right-sizers.
Market
The price of a home here.
Median house price
$435,000
+0.0% over the past year. Median unit price $350,000.
Sales data as of December 2024· sales-abs
Rental and ownership
Weekly rent (house)
$240/wk
Weekly rent (unit)
$204/wk
Owner occupied
–
Renter occupied
–
At a deeper level
$435,000
$350,000
4,067
Median age: 48
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For investors
Investment overview.
Gross rental yield on houses sits at 2.87% (median rent $240/wk against a $435,000 price tag). Units yield 3.03% gross, often the better cash-flow play for first-time investors.
Gross Yield (House)
Source: ABS Data by Region (SA2-level, 2024) · Dec 20242.87%
Based on $435,000 median
Gross Yield (Unit)
Source: ABS Data by Region (SA2-level, 2024) · Dec 20243.03%
Based on $350,000 median
Annual Growth (House)
Source: ABS Data by Region (SA2-level, 2024) · Dec 2024–
Year-on-year capital growth
Annual Growth (Unit)
Source: ABS Data by Region (SA2-level, 2024) · Dec 2024–
Year-on-year capital growth
Owner Occupancy
Source: ABS Census 2021–
Higher = more owner-occupier demand
Days on Market
Source: ABS Data by Region (SA2-level, 2024) · Dec 2024–
Lower = higher buyer demand
Gross rental yield is annual rent divided by purchase price, before expenses. It does not account for vacancy rates, management fees, maintenance, or financing costs. Use this as a starting point for further research.
Getting around
Walkability.
0
0
0
Scores calculated from OpenStreetMap data (ODbL)
Walkability data as of May 2026· OpenStreetMap
Place
Location.
Amenities
Transport
Nearby suburbs
Education
Schools in Somerset.
Local schools for Somerset
View the catchment for each school to find out more.
Government School Catchment
Somerset Primary School
Burnie High School
Cooee Primary School
© ACARA, licensed under CC BY 4.0.
Frequently asked
About Somerset.
- What is the median house price in Somerset?
- The median house price in Somerset, TAS 7322 is $435,000. The median unit price is $350,000. Annual growth is +0.0%.
- What is the Somerset postcode?
- Somerset is in the 7322 postcode, in TAS, in the Waratah-Wynyard Council region.
- What is the average rent in Somerset?
- The median weekly rent for houses is $240, for units it's $204.
- What schools are in Somerset?
- There are 15 schools serving Somerset on this page, including Australian Christian College - Burnie, Somerset Primary School, Burnie High School.
- How walkable is Somerset?
- Somerset has a Walk Score of 0 out of 100, highly car-dependent. transit score 0, bike score 0.
- What suburbs are near Somerset?
- Somerset is close to Seabrook, Calder, Doctors Rocks, Mount Hicks, Camdale.
- What is the population of Somerset?
- Somerset has approximately 4,067 residents. The median age is 48.
Somerset
Guides
Surrounding Suburbs
Side by side
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Sources cited
Median, growth and rental data from state revenue offices and ABS. Census from ABS 2021. Climate from BoM. Hazard from Geoscience Australia. School data from ACARA. Crime from state police open data. Full methodology →
Always dated
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