SOMERTON PARK
With a housing landscape characterized by prestige valuations, Somerton Park presents a unique case study in local market dynamics. The suburb currently holds a median house price of $2.27m. Retrospective data highlights a period of significant value appreciation. Over the past five years, capital values have shifted by 118%, a figure that reflects a fundamental re-rating of the suburb's desirability amongst buyers seeking exposure to this specific price bracket.
Lifestyle Profile
Visually, Somerton Park presents a streetscape defined by grandeur. The area is characterized by manicured gardens, commanding architectural facades, and a sense of spacing that is rare in the modern market.
Socially, the area is an enclave of privacy. Residents here value discretion, and while there is a strong sense of community, it is often centered around private clubs, exclusive schools, and invitation-only events.
Life here revolves around 'high-amenity' living. Proximity to elite schooling belts, yacht clubs, or golf courses often dictates the weekend rhythm, reducing the need to travel far for leisure.
The Demographic Profile
Understanding the resident base is key to understanding the market floor. Local data suggests a median household income of approx $90,000. With a price-to-income ratio significantly above the state average, ownership in Somerton Park often involves significant equity recycling from previous properties. This suggests a resident base with high asset wealth rather than just high income.
Education & Catchments
School catchment zones are a primary driver of long-term property demand. The area is serviced by facilities such as Paringa Park Primary School. For many buyers, the presence of local schooling creates a 'village' feel and ensures consistent demand from young families moving into the area.
Market Outlook
Data indicates a robust performance, with 117.8% growth over 5 years. This suggests the area has been 'discovered' by the broader market.
Quick FAQ about Somerton Park:
- Is Somerton Park expensive? With a median price of $2.27m, it is considered a prestige market, often attracting buyers seeking exclusive living standards.
- What are the schools like? The catchment for Paringa Park Primary School is a major driver of local demand.
Primary Schools
Secondary / High Schools
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Local Schools & Maps
Explore primary and secondary schools in the catchment area.
Primary Schools
Secondary Schools
DISCLAIMER: GENERAL INFORMATION ONLY.
The data presented on Aussie Housing, including school zones, "Education Efficiency" scores, and median prices, is for general information and research purposes only. While we aim for accuracy, school catchment boundaries are subject to change by state departments and should be verified directly with the individual school before making any purchasing decision.
NO PROFESSIONAL ADVICE: Aussie Housing is not a licensed real estate agent, valuer, or financial advisor. The "Education Efficiency" metric is a proprietary data point and does not constitute a valuation or a recommendation to buy. You should always conduct your own due diligence and consult with a conveyancer, solicitor, or financial planner before acquiring property.
DATA LIMITATIONS: Market data is aggregated from various public sources and may have latency. We do not guarantee the complete accuracy of historical sales data or current boundary lines.