Question 1

Is Seabrook a nice place to live?

Accepted Answer

Seabrook is a compact, mainly residential suburb in Melbourne’s west with quiet, tree-lined streets, mostly single-storey brick homes and some newer townhouses. It has about 4,952 residents and a median age of 37, and is weighted towards families, with couple families with children the largest group. Local parks and playgrounds, nearby shopping centres and community facilities cover everyday needs, while buses, nearby trains and the Port Phillip Bay foreshore are all within easy reach.

Roughly four in five homes are owner-occupied, which contributes to a settled feel. Council plans for the area include a Pipeline Reserve upgrade with a fenced, autism-friendly neighbourhood play space, development of two primary north to south walking and cycling corridors called The Mainlines, and works linked to the Hobsons Bay Wetlands Centre. That combination will suit families, first-home buyers and people looking to downsize; whether it suits you depends on what you want from a suburb.

Question 2

Is it expensive to live in Seabrook?

Accepted Answer

Buying a house in Seabrook works out to about 8.1 times a typical local annual household income at the last Census (median house price $860,000 against a weekly household income of $2,042). Renting a house at about $520 a week would take roughly 25.5% of that typical local household's weekly income at the last Census, which is a moderate share. On these figures, buying sits well above what a typical local household earned at the last Census, while renting looks relatively more manageable against those same incomes.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Seabrook a good place to invest?

Accepted Answer

House values in Seabrook climbed 8.2% over the past 12 months, a solid rise in what a house is worth. That house-value movement is the figure to look at if you are focused on capital growth. There is little recent data available for rents and for units, so the picture here is mainly about house price growth; whether that suits your plans depends on your goals and circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$860K	N/A
Change in value Past 12 months	8.2%	N/A
Sold Past 3 months	11	1
Median days on market Past 12 months	16	N/A
Average rent Past 12 months	$520	N/A
Change in rent Past 12 months	N/A	N/A

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