At number 542th in the list of Australian suburbs ordered by increase in median house value over the last year, Seaford Meadows, 5169 is in the top 20% with a property value increase of 9.00% recorded in median house prices.
Across a shorter period, Seaford Meadows, 5169 has seen a median price increase of 2.21% over the last quarter.
Vendor discounting in Seaford Meadows is giving property investors an average Vendor Discount of around -8.25%. This puts suburb at number 42th in SA when ranking the most discounted suburbs.
Renters in Suburb are facing rents around $19240 per annum or $370 every week.
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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.