VIC/
Seaford

Suburb Profile

Seaford - FREE 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 24.79% for the past year.

Investors saw the median home price rise to $663,857.

Profits due to an upward trend in home prices in the suburb averaged 17.77% per annum over a 3-year period.

SEAFORD now ranks at the 91st 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 $380 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 30.5 days.

In 2016, 278 properties were sold in SEAFORD during the past year, making it the 343rd most active market in VIC based on total real estate transactions.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $663,857 $423,000
GROWTH REPORT
Median Quarterly 5.84% -0.76%
Median 12 month 24.79% 7.09%
Median 3 years 53.32% 20.51%
Median 5 years 70.55% 32.19%
10 years average annual 8.73% 5.81%
Weekly media advert. rent $380 $315
Time on Market 30.5 days 53.4 days
Gross Rental Yield Percent 2.98% 3.87%
demographics (median values)
Total Population
15564
Weekly Household Income
808.5
Household Size
2.20
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