Suburb Profile Report for Seaford VIC (3198)

Seaford House: Median price $630,000, Annual capital growth 6.69%, Number of sales 206, Weekly median advertised rent $400

Seaford Unit: Median price $486,000, Annual capital growth 6.20%, Number of sales 97, Weekly median advertised rent $360

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

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report
  • Unit Report

Property investors who have had real estate in Seaford, 3198 should be unhappy with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -10.19%

Seaford,3198 was ranked 3084 in Australia by increase in median property value over the quarter.

Seaford, 3198 is offering VIC ‘s 73th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 20% of discounts offered by this VIC.

The VIC suburb of Seaford, 3198 is in the Frankston (C) local government area.

Property investors who have had real estate in Seaford, 3198 should be relatively pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 0.10%

A 40.87% growth in median value for property investors in Seaford,3198 puts this suburb at number 234th in terms of best performing suburbs in VIC

LACK OF BUYER INTEREST may well be the reason that Seaford is offering property investors an average of -6.31. This rate of discount on properties puts Suburb at number 39th in terms of most discounted suburbs in VIC

Residents and property investors in Seaford have been waiting around 73.5294 days to sell a property.

Renters in Suburb are facing rents around $18720 per annum or $360 every week.

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

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.

 

Metrics i HOUSE UNIT
$630,000 $486,000
-2.48% -1.12%
-10.19% 0.10%
6.69% 6.20%
$400 $360
206 97
3.30% 3.85%
64.012987012987 73.5294117647059

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Above average (U)
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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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