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Seabrook, VIC 3028

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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 Seabrook, VIC 3028 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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3BR

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Rent 

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5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

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Yield 

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3BR

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 “Seabrook, VIC 3028”

  1. The total adult population (15 years or older) of Seabrook 3028 VIC is 3,907, with a median age of 37. Of those, 55.13% are married, 9.44% are divorced or separated, 32.51% are single and 2.99% are widowed.

    The average household size is 2.9 people per dwelling, and the median household monthly income is estimated to be $8,804. The median monthly mortgage repayment for households in this suburb is $1,803 which is 20.48% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in the state of Victoria, the suburb of Seabrook 3028 is a vibrant residential area with an estimated total of 1891 households. In the property market measurement of Q3 2023, Seabrook paints an appealing picture for potential property investors and buyers.

    In terms of essential metrics, the typical house prices in Seabrook stand at $731,926. Properties are collecting a median weekly rent of $426, producing an indicative yield of 3.03%. This yield surpasses the minimum attractive market requirement of 3%, indicating a promising opportunity for cashflow-focused investors.

    In terms of fundamental metrics, Seabrook enjoys a robust socio-economic status, scoring 1006 out of 1217 based on its Index of Relative Socio-economic Advantage and Disadvantage (IRSAD). This high score underlines the suburb’s relative affluence and accessibility to economic resources.

    The renter to owner ratio in Seabrook is at a favourable 20%, which suggests an ideal balance for investors as the market isn’t oversaturated with rental properties. Furthermore, the units to houses ratio is a low 6%, supporting the perception of reduced competition among landlords for tenants and the potential for higher rental yields.

    However, Seabrook does have a higher affordability index at 33 years, indicating that it may be more challenging for residents to fully own a property within the standard 30-year mortgage period.

    On the supply side, Seabrook exhibits an extremely low stock on market Percentage for houses at 0.06%, indicative of a favourable low supply setting and potential market tightness. Similarly, its inventory level for houses is at a favourable low value of just 0.19 months, suggesting a swift rate of property turnover.

    The suburb has a building approvals Ratio for houses standing at 0.23% — a notably low supply indicating fewer new dwellings entering the market, which could place upward pressure on house values.

    Additionally, Seabrook’s demand metrics present a mixed picture. The average days on market for houses is 77, showing moderate market activity. The vacancy rate stands comfortably at a low 1.08%, indicating high demand. However, the buy search index for houses is at a relatively lukewarm 3, which may suggest limited demand.

    Overall, despite diverse metrics, Seabrook’s property market offers a number of favourable indicators, which, when considered alongside the valuable RCS metric offered by HtAG Analytics, suggest that it can be a worthwhile investment location.

    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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