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Seddon

POSTAL CODE: VIC, 3011
HOUSE
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Property investors have seen a -1.72% drop in SEDDON based on a decrease in median home prices for the past three months.

Based on its average 5-year and quarterly capital gains SEDDON, 3011 saw average decrease in the long term.

The VIC suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $1,070,000

Profits averaged -0.33% per annum over a 3-year period, due to an downward trend in home prices in SEDDON, 3011.

This means, real estate investors could earn a rental income of $680 based on current median home prices for the suburb.

The gross rental yield in SEDDON, 3011 is 3.3%.

An average of 8.25 real estate transactions take place per month in SEDDON which translates to 99 per annum.

Surburb overview

Seddon, bearing the postcode 3011, is an inner suburb approximately 6 kilometres west of Melbourne's Central Business District (CBD).  According to the 2021 census, Seddon has a population of 5,143 residents.  The suburb is characterised by a diverse demographic, including young professionals, families, and retirees, with a median age of 36.  Most of the population comprises couples with children, reflecting a family-friendly environment. 

Public transportation in Seddon is well-developed, offering residents convenient access to various parts of Melbourne. The Seddon railway station, part of the Werribee and Williamstown lines, services the suburb, facilitating easy travel to and from the CBD and surrounding areas. Additionally, several bus routes operate through Seddon, providing further connectivity options. 

Seddon has various essential establishments, including educational institutions, healthcare facilities, and shopping centres. The suburb boasts a variety of cafes, restaurants, and boutique shops, contributing to a vibrant local economy.  The presence of parks and recreational facilities enhances the quality of life for residents, offering spaces for leisure and community activities. 

Recreational activities are abundant in Seddon, with numerous parks and green spaces available for public use. The picturesque Harris Reserve provides walking, picnicking, and outdoor sports opportunities.  Additionally, the suburb's proximity to the Maribyrnong River offers residents access to walking and cycling trails, catering to active individuals seeking to maintain a healthy lifestyle. 

Seddon's blend of urban convenience and community-oriented living makes it a desirable location for a diverse range of residents. 

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