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.
Houses | Units | |
---|---|---|
Median price Past 3 months | $830K | $566K |
Change in value Past 12 months | -2.0% | -3.8% |
Sold Past 3 months | 85 | 20 |
Median days on market Past 12 months | 49 | 52 |
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
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.