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Seddon
AREA REPORTS

Seddon

Seddon - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3011

house
unit

Property investors have seen a 4.67% gain in SEDDON based on an increase in median home prices for the past three months.

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

The VIC suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $1,120,000

Profits averaged 3.06% per annum over a 3-year period, due to an upward trend in home prices in SEDDON, 3011.

This means, real estate investors could earn a rental income of $560 based on current median home prices for the suburb.

The gross rental yield in SEDDON, 3011 is 2.6%.

An average of 7.83 real estate transactions take place per month in SEDDON which translates to 94 per annum.

Data report can be found below

Seddon
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,120,000 $577,499
GROWTH REPORT
Median Quarterly 4.67% 2.76%
Median 12 month 9.91% 20.06%
Median 3 years 9.19% 5.48%
Median 5 years 36.21% 19.01%
10 years average annual 6.09% 5.69%
Weekly media advert. rent $560 $400
Time on Market 49.1 days 42.5 days
Gross Rental Yield Percent 2.6% 3.6%
demographics (median values)*
Total Population
21462
Weekly Household Income
1441
Household Size
2.30
Age
33
Monthly Loan Repayment
1974
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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