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 decrease in value by -3.06%
Seaford Meadows,5169 was ranked 3348 in Australia by increase in median property value over the quarter.
Property buyers and investors in Seaford Meadows 5169 should be seeing an average reduction in asking price of around -13.03% . This means that Seaford Meadows is holding prices well when compared to other suburbs in SA.
Situated 29.44km from the CBD, Seaford Meadows is one of Onkaparinga (C) localities in the postcode 5169.
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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.