Suburb Profile Report for Seddon VIC (3011)

Seddon House: Median price $1,110,000, Annual capital growth 5.99%, Number of sales 93, Weekly median advertised rent $560

Seddon Unit: Median price $579,999, Annual capital growth 5.83%, Number of sales 27, Weekly median advertised rent $405

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

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

VIC has seen average median house prices change by 14.59% which means that Seddon, 3011 has done well for property investors by showing a capital gain of 8.66% over the last year

If we look at median property appreciation over just the last three months, Seddon has given property investors a paper return of 2.30%. This puts Suburb as 552 on a list of fastest fasting appreciating suburbs in VIC

Sellers are offering property buyers an average discount of -2.41% to buyers in Seddon at the moment, which is less than average for the rest of VIC.

At number 1616 in a list of fastest selling suburbs, Seddon is just in the top half of suburbs in Australia with an average of days on market 51.3636 for properties listed there.

Using the current median advertised rental of $560 and the average annual increase in value of a median property of 5.99%, investors should hope to achieve an overall return of 2.62%

If you compare the increase in value of investment property in Seddon, 3011 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 20.33%.

Seddon,3011 was ranked 1152 in Australia by increase in median property value over the quarter.

The VIC suburb of Seddon, 3011 is in the Maribyrnong (C) local government area.

Metrics i HOUSE UNIT
$1,110,000 $579,999
2.30% 0.87%
8.66% 20.33%
5.99% 5.83%
$560 $405
93 27
2.62% 3.63%
51.3636363636364 42.5833333333333

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Balanced (U), Good (H)
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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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