With a capital gain of 13.76% for the last 12 months, Seddon, 3011 has performed for property investments than its average annual 10.40% property growth over the last 5 years.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Seddon has increased when compared to the 5 year average annual rate.
Property buyers and investors in Seddon 3011 should be seeing an average reduction in asking price of around -7.30% . This means that Seddon is holding prices well when compared to other suburbs in VIC.
With the median price for a house in Seddon being $934250 and the advertised rent reaching $495 the gross rental yield for property investors calculates out to be 2.76%
Giving property investors a a solid capital gain of 14.60% for the last year, Seddon, 3011 is the 232th highest performer in Australia in this respect.
Seddon,3011 was ranked 484 in Australia by increase in median property value over the quarter.
In the last year 35 properties changed hands in Seddon, which puts it as the 231th most active market in VIC when comparing the number of sales per suburb.
A $350 per week rent on the median house gives suburb investors a gross yield of circa 3.65%, without taking into account capital value appreciation, which has been averaging out at 4.59%.