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Seddon, VIC 3011

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Seddon, VIC 3011 located in Melbourne to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

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Rent 

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Yield 

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Buy 

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Rent 

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Seddon, VIC 3011”

  1. The total adult population (15 years or older) of Seddon 3011 VIC is 4,227, with a median age of 36. Of those, 39.58% are married, 8.75% are divorced or separated, 48.92% are single and 2.74% are widowed.

    The average household size is 2.4 people per dwelling, and the median household monthly income is estimated to be $12,796. The median monthly mortgage repayment for households in this suburb is $2,551 which is 19.94% of their earnings.

    Source: ABS Census Data (2021)

  2. Located within the state of Victoria, Seddon is a suburb that houses an estimated 2,647 households. As we venture into Q3 2023, standard property prices for houses within this suburban region are recorded at $1,191,729. The median weekly rent sits at $606, churning out an indicative yield of 2.64%.

    Seddon displays a healthy socio-economic status, boasting an IRSAD score of 1,109 out of a total of 1,217. This indicates access to high economic resources, high income levels, and a population with skilled professions. Within the Seddon property market, the renter to owner ratio is marked at 39%. Although higher than the ideal 30%, Seddon exhibits a sound proportion that prevents an oversaturation of rental properties, maintaining the neighbourhood’s appeal.

    On the subject of market supply, the units to houses ratio is 15%. With such a low percentage, Seddon showcases a market with fewer units and higher instances of houses. This means less competition among landlords for tenants, promoting higher rental yields. Such conditions often lure families who present a likelihood for longer tenancy periods.

    However, the affordability index is slightly on the higher side in Seddon. To own a property here, residents are looking at a span of roughly 36 years. This estimation surpasses the standard 30-year mortgage assumption and indicates decreased affordability.

    Supply metrics yield promising results for Seddon. The stock on market percentage for houses comes in low at 0.05%. inventory levels maintain the favourable trend, recorded at a meagre 0.16 months. The building approvals ratio also follows suit, sitting at 0.15%. These metrics point towards low supply, making Seddon an attractive venture for property investment.

    On the demand side, Seddon shines equally. The average number of days on the market for houses trends at 27 days, well below the high-demand threshold of 35 days, indicating quicker sales. Seddon’s vacancy rate, a combined percentage for houses and units, is at 1.45%, a range signalling high demand. Furthermore, the buy search index for houses in Seddon is noted at 5.

    Given these statistics, Seddon presents a promising and attractive property market. With predominantly favourable metrics, this suburb has the potential for a solid return on investment for property buyers and investors. As always, vigilant monitoring of these data trends and changes is crucial to maximising property investing success.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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