With a capital gain of 8.97% for the last 12 months, Seaford Meadows, 5169 has performed for property investments than its average annual 2.00% property growth over the last 5 years.
The five-year average increase in median property values for Seaford Meadows,5169 has given property investors a potential capital gain of 8.97% across each of those five years.
Property buyers and investors in Seaford Meadows 5169 should be seeing an average reduction in asking price of around -1.33% . This means that Seaford Meadows is holding prices well when compared to other suburbs in SA.
At number 665 in a list of fastest selling suburbs, Seaford Meadows is in the TOP 20% of suburbs in Australia with an average of days on market 37.0972 for properties listed there.
Property investors should expect to get $385 weekly from the median priced house in this suburb.
Property investors who have had real estate in Seaford Meadows, 5169 should be relatively unhappy with this SA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 4.06%
Across a shorter period, Seaford Meadows, 5169 has seen a median price increase of 2.33% over the last quarter.
In the last year 15 properties changed hands in Seaford Meadows, which puts it as the 113th most active market in SA when comparing the number of sales per suburb.
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House supply gets a big boost
Median house price: $390,000
Stock on market: 35.6%
12-month growth: 1.0%
Situated within Onkaparinga City, Seaford Meadows saw the number of houses on the market increase by 35.6% over a 12-month period.
Growth is slowing down in this suburb, as prices increased by only 1% after rising by 11.4% in 2015. Nonetheless, houses are affordable at just $390,000, and the average rental yield is fairly strong at 4.8%.
Seaford Meadows is home to a shopping centre, which contains a Woolworths. It is approximately an hour from Adelaide by train from the local railway station, and bounded by suburbs like Port Noarlunga. Thus, Seaford Meadows residents are close to the beach, tourist destinations like Onkaparinga River Recreation Park and Port Noarlunga Aquatic Centre and a number of heritage sites.