Investment property in Seaton has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 2.78%
Seaton,5023 was ranked 2624 in Australia by increase in median property value over the quarter.
Property investors looking for a bargain in Seaton should be aiming for at least -4.95% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 174 properties changed hands in Seaton, which puts it as the 21th most active market in SA when comparing the number of sales per suburb.
Renters in Suburb are facing rents around $4560 per annum or $380 every week.
Seaton has had a quite poor year for property investment returns compared to the rest of SA, giving investors a capital gain of -5.71% to date .
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Seaton has increased when compared to the 5 year average annual rate.
Our latest figures would indicate that property sellers in Seaton are currently offering property investors an average price cut of -6.66% below the asking price at the moment.
Advertised rents are around the $290 mark per week – giving a return of 4.57% based on the median price in Suburb