Question 1

Is Seddon a nice place to live?

Accepted Answer

Seddon is an inner-west Melbourne pocket centred on a compact village strip along Charles Street, with cafes, bakeries, small boutiques and a handful of pubs giving the strip a lively local atmosphere. Streets around the village mix Victorian and Edwardian terraces, warehouse conversions and contemporary infill, and the suburb attracts young professionals, families and creative types who value walkability and a neighbourhood feel. It has its own train station, and residents make use of nearby Maribyrnong River parkland and riverside trails, while neighbouring Yarraville and Footscray add extra shops and services.

Families are prominent in Seddon: couple families with children are the largest group at 43.8%, and together with couple families without children (40.6%) they make up just over four in five families (84.4%). One-parent families account for 11.5% and other families 4.1%.

The suburb is home to 5,143 people, with a median age of 36. The median total household income is $2,471 a week, about $128,492 a year.

Homes in Seddon are mostly owner-occupied, combining 23.3% owned outright and 36.8% owned with a mortgage for around 60.1% owner-occupation, while 39.9% of dwellings are rented.

Question 2

Is it expensive to live in Seddon?

Accepted Answer

Buying a house in Seddon sits at about 8.8 times a typical local annual household income at the last Census, based on a median house price of $1,125,000 and a weekly household income of $2,471 as recorded at the last Census, so buying is well above local incomes on these figures. Renting looks more moderate: a house at $700 a week would take about 28.3% of a typical local household's weekly income at the last Census, while a unit at $500 a week would take about 20.2% (roughly a fifth). If you're renting rather than buying, rent appears the more manageable side on these numbers, but whether that feels expensive depends on your own income and circumstances.

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 Seddon a good place to invest?

Accepted Answer

Over the past 12 months in Seddon, house values edged down slightly, falling 0.2%. Rents climbed over the year: house rents rose a modest 4.8% and unit rents increased a solid 5.3%, so unit rents grew a little faster than house rents. For someone weighing Seddon as an investment, the value figure speaks to capital growth and the rent figures speak to rental income — this year rental income moved up while house prices were marginally lower. Whether that pattern suits your goals and circumstances is for you to decide.

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	$1.13M	N/A
Change in value Past 12 months	-0.2%	N/A
Sold Past 3 months	29	7
Median days on market Past 12 months	49	81
Average rent Past 12 months	$700	$500
Change in rent Past 12 months	4.8%	5.3%

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