Suburb Profile Report for Seaford VIC (3198)

Seaford House: Median price $670,000, Annual capital growth 8.69%, Number of sales 269, Weekly median advertised rent $380

Seaford Unit: Median price $430,000, Annual capital growth 5.64%, Number of sales 115, Weekly median advertised rent $320

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

VIC has seen average median house prices change by 11.41% which means that Seaford, 3198 has done well for property investors by showing a capital gain of 24.54% over the last year

Seaford,3198 has offered an average of 24.54% return per annum in house price rises to property investors over the last three years.

Property buyers and investors in Seaford 3198 should be seeing an average reduction in asking price of around -4.36% . This means that Seaford is holding prices well when compared to other suburbs in VIC.

On average over the past year, suburb has had 22.42 sales per month, which equates to 269 per year.

Seaford, 3198’s gross rental yield is 2.95%

Seaford, 3198 ranked 141th in VIC when comparing growth in median property values or capital gain over the last 12 months. Seaford is one of 2098 in our list for VIC

Over the longer term, Seaford has seen property prices show investors a 24.37% return over the last 3 years. This is worse than over the last 12 months

The most recent median price for Seaford is $430000, with sellers offering an average of -3.27% off the asking price.

A $320 per week rent on the median house gives suburb investors a gross yield of circa 3.87%, without taking into account capital value appreciation, which has been averaging out at 5.64%.

Daniel McGlashan Information supplied by:

Daniel McGlashan
Harcourts Seaford Seaford

M 0407545243
O 0397764444

W www.seaford.harcourts.com.au
E daniel.mcglashan@harcourts.com.au
Seaford is a coastal suburb to Melbourne's south, en route to the mornington Peninsula, which is one of victoria's favourite holiday regions.
Improved transport and infrastructure is bringing the area closer to the Melbourne CBD, meaning many city-slickers are now prepared to commute, in order to live in a beautiful area.
The good news for sea-changers is that the city access does not equal city price tags. Homes close to the beach in Seaford start for as low as $300,000, while even better value pockets of the suburb are available.
A number of beautiful beaches and good quality schools make the area more attractive for investors, while a new state of the art training facility for the St Kilda AFL club means that local sports start are present in the area.
The suburb is serviced by two train stations, regular buses and a new freeway linking Seaford to Melbourne.Full summary

Selling points: Seaford is excellent value for money and Melbourne’s cheapest beachside suburb, which is still within a 30 minute drive to the city, thanks to the Eastlink Freeway. You can still get three-bedroom houses on over 600m2 blocks within 1.5km of the beach, starting in the low $300,000s.  

Most sought after properties: At present we have a high demand from first home buyers and people being pushed down from the more expensive south-east suburbs, but still wanting to live in a beachside suburb. Traditionally any entry level house on the beach side of the Freeway always generates good interest. Also the Belvedere Park area offers great value for those seeking a home to live in.   

Most common properties: 1960s and ‘70s brick veneers, with a combination of renovated and original homes. With around 5,000 homes, Seaford varies immensely in property value, generally based on proximity to the beach. A three-bedroom house on Nepean Highway opposite the beach, which would sell for $600,000 if at the back of Seaford on Frankston Dandenong Road, may only sell for $280,000.  

Top amenities: Excellent sandy beaches with amazing sunsets over the water; two train stations; many parks and foreshore areas with brilliant walking tracks, including Seaford wetlands and Kananook Creek. St Kilda football club’s newly-built multimillion dollar training facility is in the suburb, as are five primary schools and a high school. Seaford is just a five-minute drive from Frankston CBD and Patterson Lakes marina.  The suburb retains a quiet coastal town feel, still within easy reach of the city and Mornington Peninsula; and has huge growth potential.    

Local industry and business: Seaford/ Carrum Downs has a large industrial area with a host of small to large manufacturing businesses; and is also home to many trade headquarters.

Recent changes: The opening of the Eastlink Freeway was a huge benefit to the area in 2008. The streetscapes have also changed immensely, with many older homes being renovated and quality townhouses popping up all over the suburb. Also, there are now several cafes at the beach shops with a new beachfront cafe built alongside the lifesaving club. The aforementioned St Kilda football club facility allows kids to walk down to the oval and watch their AFL heroes training.

Best streets: Good value homes can be found right across Seaford, but if I had to pick an area the ‘Fortescue Avenue pocket’ has excellent demand due to the average block size being 780m2 and within 500 metres of the beach. Also, anywhere off Park Street is an excellent, quiet beachside area.

Public transport: The area is serviced by two train stations (Seaford and Kananook), while buses run right throughout the area.

Main arteries: East Link Freeway takes you right into the city, and the Nepean Highway runs right along the beach.

 

Close
Metrics i HOUSE UNIT
$670,000 $430,000
3.88% 0.12%
24.54% 8.86%
8.69% 5.64%
$380 $320
269 115
2.95% 3.87%
31.28 50.32

Source: CoreLogic

DSR Score for property investment : Good (H), Very good (U)
Find a mortgage broker in Seaford VIC
Demographics
Total population 16032
Median household income ($/weekly) 1007
Median age of persons 39
Median housing loan repayment ($/monthly) 1558
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 1552 9.7
    25-34 years 2296 14.3
    35-44 years 2497 15.6
    45-54 years 2211 13.8
    55-64 years 2053 12.8
    Others 5424 33.8
    Age Group
    Census Count Percent(%)
    Not Married 5822 47.8
    Registered Married 4850 39.9
    Defacto Relationship 1498 12.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 11490 77.4
    Greece 144 1.0
    Papua New Guinea 413 2.8
    United Kingdom 1213 8.2
    Other 518 3.5
    Others 1066 7.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 214 1.5
    Christianity 8740 62.4
    Islam 80 0.6
    Other Religious Groups 110 0.8
    No Religion 4743 33.9
    Others 119 0.8
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 729 12.1
    $600-$799 654 10.9
    $800-$999 613 10.2
    $1,000-$1,249 628 10.4
    $1,500-$1,999 751 12.5
    Others 2636 43.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 4798 38.4
    Not in the labour force 4487 36.0
    Employed, worked part-time 2174 17.4
    Unemployed, looking for work 517 4.1
    Employed, away from work 503 4.0
    Person Characteristics
  • Census Count Percent(%)
    Professionals 1261 16.9
    Technicians & trades workers 1360 18.2
    Clerical & administrative workers 1148 15.4
    Sales 733 9.8
    Labourers 753 10.1
    Others 2220 29.7
    Occupation
    Census Count Percent(%)
    Pre-school 269 9.2
    Infants/Primary 975 33.4
    Secondary 779 26.7
    Technical or Further Educational Institution 398 13.6
    University or other Tertiary Institutions 360 12.3
    Others 136 4.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 11870 79.8
    Flat, unit or apartment 1836 12.3
    Semi-detached, row or terrace house, townhouse 1059 7.1
    Caravan, cabin, houseboat 90 0.6
    House or flat attached to a shop, office 24 0.2
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 2274 35.3
    Rented 2112 32.8
    Fully owned 1928 30.0
    Other tenure type 123 1.9
    Tenure Type
Census 2011, ABS
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