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Seaford suburb profile

Seaford is a picturesque coastal suburb located in Melbourne's southeast, renowned for its stunning beaches and relaxed atmosphere. Situated approximately 36km from Melbourne's CBD, Seaford offers a perfect blend of natural beauty and suburban convenience. The suburb is famous for its long sandy beaches, Seaford Pier, and the tranquil Kananook Creek, making it a popular destination for outdoor enthusiasts and families. Seaford boasts a friendly community vibe, with a variety of local shops, cafes, and schools catering to residents' needs. Its excellent transport links, including the Seaford railway station, provide easy access to the city and surrounding areas, enhancing its appeal as a desirable place to live.

Seaford property market performance

Current median dwelling price$698,000Past 3 months

Property growth-2.9%Past 12 months

Seaford's property market has shown positive growth over the past 12 months, with house values increasing by 4.8% and unit values rising by 4.0%. The current median house price stands at $840,000, while the median unit price is $710,000, indicating a steady demand for both property types.

Sales activity has been robust, with 45 houses and 33 units sold in the past 12 months. Properties are moving relatively quickly, with houses spending a median of 23 days on the market and units 26 days, suggesting strong buyer interest in the area.

The rental market in Seaford has also experienced notable changes, with house rents increasing by 6.7% and unit rents by 10.5% over the last 12 months. The average rent for houses is $480, while units average $420, reflecting a competitive rental environment.

HousesUnits
Median price
Past 3 months
$830K$566K
Change in value
Past 12 months
-2.0%-3.8%
Sold
Past 3 months
8520
Median days on market
Past 12 months
4952
Average rent
Past 12 months
$600$485
Change in rent
Past 12 months
7.1%7.8%

5 year median price trend for houses and units

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Seaford demographics

Seaford, a charming suburb located in Melbourne's south-east, is known for its beautiful beaches and relaxed coastal lifestyle. With a population of 17,215, Seaford offers a blend of suburban tranquility and easy access to urban amenities. The median age of 40 suggests a mature community, with a mix of families, professionals, and retirees who appreciate the suburb's serene environment and proximity to the coast.

The suburb's housing landscape is diverse, with a significant portion of properties owned outright (28.7%) or with a mortgage (36.9%), indicating a stable community with long-term residents. Additionally, 34.4% of properties are rented, catering to those seeking flexibility, including young families and professionals. The median total household income of $1,500 per week reflects a comfortable standard of living, making Seaford an attractive option for those looking to balance affordability with quality of life.

Family dynamics in Seaford are varied, with couple families with children making up 39.9% of the population, while couple families without children account for 36.1%. One-parent families represent 21.9%, highlighting the suburb's inclusivity and support for diverse family structures. The community's composition, combined with its natural beauty and convenient location, makes Seaford a desirable place for families and individuals seeking a peaceful yet connected lifestyle.

Seaford infrastructure, key developments and investment opportunities

Seaford is experiencing several developments that could impact its property market. The ongoing revitalization of the Seaford Village shopping precinct aims to enhance local amenities and create a more vibrant community hub, potentially increasing the area's appeal to homebuyers and investors. Additionally, the continued preservation and improvement of the Seaford Wetlands, a significant 305-hectare nature reserve, reinforces the suburb's commitment to maintaining its natural assets and biodiversity, which may contribute to sustained property values in the area.

Recent upgrades to public transport infrastructure, including improvements to Seaford Railway Station and bus services, have enhanced connectivity to Melbourne's CBD and surrounding areas, potentially boosting the suburb's desirability for commuters. The ongoing development of the Kananook Creek Trail and foreshore areas also adds to Seaford's recreational offerings, further enhancing its coastal lifestyle appeal. These initiatives, combined with Seaford's proximity to beaches and established schools, are likely to maintain strong interest in the local property market.

Seaford rental market trends

The rental market in Seaford has experienced moderate growth, with house rents increasing by 6.7% over the past year to $480 per week, while unit rents have seen a more significant rise of 10.5% to $420 per week. This coastal suburb continues to attract renters and investors alike, offering a balanced mix of affordability and lifestyle appeal.

Suburbs near Seaford

Some popular suburbs near Seaford include:

How does Seaford compare to nearby suburbs?

  • Median house prices: Seaford’s median house price is 23.9% higher than Frankston North’s.
  • Median unit prices: Seaford’s median unit price is 0.2% higher than Carrum Downs’s.
  • House price growth: Property prices in nearby Frankston North have risen 7.6% more than in Seaford over the past year.
  • Unit price growth: Property prices in nearby Carrum Downs have risen 12.0% more than in Seaford over the past year.
  • Selling speed for houses: Properties in Seaford are selling 10.9% faster than in Carrum.
  • Selling speed for units: Properties in Seaford are selling 13.3% faster than in Frankston.
  • Investment considerations: In Seaford, the rental yield for house is 3.4% lower than the Melbourne average, while the rental yield for units is 13.2% lower.
  • House price growth: Over the past 12 months, house prices in Seaford have grown 19.2% lower than the average rate of growth across Melbourne.
  • Unit price growth:Over the past 12 months, unit prices in Seaford have grown 0.5% higher than the average rate of growth for units across Melbourne.

Common questions about Seaford

  • Is Seaford a nice place to live?

    Seaford is a delightful coastal suburb that offers a serene and picturesque lifestyle, making it a wonderful place to call home. With its stunning beaches and relaxed atmosphere, Seaford provides a perfect escape from the hustle and bustle of city life while still being conveniently connected to Melbourne's CBD. The suburb's charm lies in its blend of natural beauty and suburban convenience, attracting families, professionals, and retirees alike who appreciate the peaceful environment and proximity to the coast.

    The community in Seaford is friendly and welcoming, with a strong sense of togetherness that is evident in the local shops, cafes, and schools that cater to residents' needs. Families will find Seaford particularly appealing due to its excellent amenities, including well-regarded schools and ample green spaces for outdoor activities. The suburb's safety and community spirit make it an ideal place for raising children, while the nearby Seaford Pier and Kananook Creek offer endless opportunities for leisure and recreation.

    While Seaford offers a fantastic lifestyle, there are some trade-offs to consider. The suburb's popularity and coastal location can lead to higher property prices compared to more inland areas. Additionally, while Seaford boasts a relaxed vibe, it may not offer the same level of nightlife and entertainment options as more urbanized suburbs. However, the ongoing developments in the Seaford Village shopping precinct and improvements to public transport infrastructure are enhancing the suburb's appeal, making it an increasingly attractive option for those seeking a balanced lifestyle.

    Overall, Seaford is a charming and peaceful suburb that offers a high quality of life for its residents. Its combination of natural beauty, community spirit, and convenient amenities make it a desirable place to live for families and individuals looking for a coastal lifestyle with easy access to urban conveniences.

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  • Is it expensive to live in Seaford?

    Seaford is a suburb that offers a mix of affordability and lifestyle, making it an appealing choice for many. The current median house price in Seaford is $840,000, while units are priced at a median of $710,000. These figures are relatively moderate compared to some of Melbourne's more expensive suburbs, yet they still represent a significant investment.

    For those renting, the average rent for houses in Seaford is $480 per week, and units are slightly more affordable at $420 per week. When you compare these costs with the average annual wage in Seaford, which is around $85,000, it's clear that housing costs take up a considerable portion of income. However, the median total household income in Seaford is $1,500 weekly, which suggests that many households have dual incomes, making these housing costs more manageable.

    Overall, living in Seaford can be seen as moderately expensive, especially when considering the balance between property prices and local wages. If you're thinking of living in Seaford, it's important to consider how these expenses fit into your financial plans, but the suburb's coastal charm and community feel might just make it worth the cost.

    Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, everyone’s financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
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  • Is Seaford a good place to invest?

    Seaford is shaping up to be a promising investment suburb, thanks to its steady growth in both property values and rental returns. Over the past year, the median house value in Seaford has increased by 4.8%, while units have seen a 4.0% rise. This consistent growth indicates a stable market that appeals to both investors and homebuyers looking for long-term value.

    What makes Seaford particularly attractive for investors is the impressive increase in rental returns. House rents have gone up by 6.7%, and unit rents have surged by 10.5% over the last 12 months. This trend suggests a strong demand for rental properties, which can provide a reliable income stream for property owners. The suburb's coastal charm, combined with its accessibility to Melbourne, makes it a desirable location for renters seeking a balanced lifestyle.

    Overall, Seaford offers a compelling mix of capital growth and rental yield potential. Its steady property value increases and strong rental demand make it an appealing choice for investors looking for a balanced investment opportunity. With its appealing lifestyle and proximity to the city, Seaford is well-positioned for continued growth and demand in the future.

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Choose the right real estate agents in Seaford

Currently, there are 133 real estate agents working in Seaford—but not all agents deliver the same results. The right agent could make a huge difference to your final sale price.

Only 5 out of these 133 agents sold 34.3% of all properties in Seaford over the past year. Choosing one of these top-performing agents means tapping into proven expertise for a better sale outcome.

Real estate agents in Seaford typically charge a commission of 2% to 2.95%. Negotiating a fair commission rate and the right structure can motivate your agent to work even harder, helping you sell for more and potentially saving you thousands of dollars.

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