Suburb Profile Report for Seddon VIC (3011)

Seddon House: Median price $952,500, Annual capital growth 10.48%, Number of sales 91, Weekly median advertised rent $500

Seddon Unit: Median price $500,000, Annual capital growth 3.80%, Number of sales 33, Weekly median advertised rent $360

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 16.16% for the last 12 months, Seddon, 3011 has performed for property investments than its average annual 10.48% property growth over the last 5 years.

While Seddon,3011 ranked number 143th in VIC for increase in median house value (annualised) increase, it is ranked 159th over the last 5 years.

LACK OF BUYER INTEREST may well be the reason that Seddon is offering property investors an average of -5.87. This rate of discount on properties puts Suburb at number 136th in terms of most discounted suburbs in VIC

Property value increases in Seddon have tracked just higher than the VIC average of 4.26% over the last 12 months.

Over the longer term, Seddon has seen property prices show investors a 28.53% return over the last 3 years. This is worse than over the last 12 months

Renters in Suburb are facing rents around $4320 per annum or $360 every week.

Metrics i HOUSE UNIT
$952,500 $500,000
4.67% -1.82%
16.16% 9.29%
10.48% 3.80%
$500 $360
91 33
2.73% 3.74%
63.92 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 4851
Median household income ($/weekly) 1561
Median age of persons 35
Median housing loan repayment ($/monthly) 2077
Average household size 2.4
  • Census Count Percent(%)
    0-4 years 428 8.8
    5-14 years 389 8.0
    25-34 years 1081 22.3
    35-44 years 976 20.1
    45-54 years 699 14.4
    Others 1277 26.3
    Age Group
    Census Count Percent(%)
    Not Married 1618 43.6
    Registered Married 1463 39.4
    Defacto Relationship 633 17.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 3045 66.3
    Papua New Guinea 124 2.7
    United Kingdom 187 4.1
    Viet Nam 259 5.6
    Other 268 5.8
    Others 708 15.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 291 6.6
    Christianity 2041 46.6
    Hinduism 106 2.4
    Islam 118 2.7
    No Religion 1760 40.2
    Others 60 1.4
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 146 8.2
    $1,250-$1,499 152 8.6
    $1,500-$1,999 203 11.5
    $2,000-$2,499 195 11.0
    $2,500-$2,999 208 11.7
    Others 867 49.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1805 47.3
    Not in the labour force 981 25.7
    Employed, worked part-time 742 19.4
    Employed, away from work 164 4.3
    Unemployed, looking for work 127 3.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 389 14.3
    Professionals 943 34.7
    Technicians & trades workers 276 10.2
    Community & personal service workers 233 8.6
    Clerical & administrative workers 376 13.8
    Others 498 18.3
    Occupation
    Census Count Percent(%)
    Pre-school 72 7.2
    Infants/Primary 263 26.2
    Secondary 154 15.3
    Technical or Further Educational Institution 136 13.5
    University or other Tertiary Institutions 321 31.9
    Others 59 5.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3596 78.4
    Flat, unit or apartment 564 12.3
    Semi-detached, row or terrace house, townhouse 383 8.4
    House or flat attached to a shop, office 43 0.9
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 724 37.8
    Being purchased 719 37.6
    Fully owned 460 24.0
    Other tenure type 10 0.5
    Tenure Type
Census 2011, ABS
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Recent sales & rentals