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Seaford
AREA REPORTS

Seaford

Seaford - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3198

house
unit

SEAFORD, 3198 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in VIC have risen as a whole, pulling SEAFORD, 3198 values up and netting property investors a capital gain of 16.16% for the past year.

Investors saw the median home price rise to $790,000.

Profits due to an upward trend in home prices in the suburb averaged 4.02% per annum over a 3-year period.

SEAFORD now ranks at the 279th place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in SEAFORD are low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $422.5 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In SEAFORD, homes and units usually stay on listing for an average of 44.5 days.

In 2016, 236 properties were sold in SEAFORD during the past year, making it the 455th most active market in VIC based on total real estate transactions.

Data report can be found below

Seaford
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $790,000 $584,250
GROWTH REPORT
Median Quarterly 5.33% 2.5%
Median 12 month 16.16% 7.2%
Median 3 years 12.06% 17.79%
Median 5 years 49.76% 48.85%
10 years average annual 7.08% 5.95%
Weekly media advert. rent $422.5 $375
Time on Market 44.5 days 45.7 days
Gross Rental Yield Percent 2.78% 3.34%
demographics (median values)*
Total Population
16463
Weekly Household Income
1208
Household Size
2.20
Age
40
Monthly Loan Repayment
1600
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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