Seddon is an inner western suburb of Melbourne, situated 8km west of Melbourne's CBD and is within the City of Maribyrnong Local Government Area.
Formerly, Seddon was a working class suburb, mainly compromised of many labour intensive employees such as factory workers, wharf workers and labourers.
Over the past two decades, Seddon has experience rapid rejuvenation and gentrification, largely due to the proximity to the CBD, access to facilities and village lifestyle.
Seddon is now one of the most expensive suburbs in Western Melbourne, surpassing $1.2M in 2021. Seddon was once a suburb where properties were transacted for as little as $15,000 in the 1970s.
Lifestyle
Seddon is one of Melbourne's best urban suburbs and alike to many of its neighbours, it is known for having a fantastic village lifestyle.
Many residents enjoy short walks through the suburb combined with a great cafe and coffee culture, particularly along Charles Street and Victoria Street in the village.
There are a few smaller parks in Seddon such as Harris Reserve and Bristow Reserve, which families commonly gather within. Mappin reserve is a larger space where locals often kick balls around and exercise.
Residents of Seddon also enjoy the easy commute to nearby neighbourhoods and the CBD. Footscray and Yarraville also have fantastic villages and are home to many cultural festivals. The CBD only lies 10-15 minutes from Seddon, depending on the time of day.
School Zones
Most Primary Students attend either Footscray City Primary School or St Augustine's Primary School in nearby Footscray and Yarraville.
Many adolescent students attend Footscray High School or Bayside P-12 College in nearby Footscray and Williamstown.
Slowly professionals are starting to send their children to Melbourne Girls Grammar School and Melbourne Grammar School as the suburb continues to gentrify, though most students still attend public education schools.
Yarraville Special Development School lies 5 minutes from Seddon and services students of special needs.
Demographics
Seddon was once one of Melbourne's most ignored suburbs, close to the CBD, ripe with crime and many social issues. Since the 1980s, the suburb was moving through rejuvenation, right through to the early 2000s.
In 2006, the median income was $1,154 per week which was the beginning of the major gentrification that the suburb moved through to the 2020s. In the 2021 ABS Census, the median household income was $2,471 per week, more than doubling over the course of the past 15 years.
Seddon has a great mix of cultural heritage, with large populations of Chinese, Vietnamese, Indian, Macedonian and Greek people being within the suburb.
Employment
Over 40% of Seddon's employees are professional services workers. Close to 20% are managerial employees, with many holding high paying CBD jobs and at other employment hubs such as the Footscray Education District.
Healthcare, Government, Education and Finance are all common places of employment for residents of Seddon.
Many of the younger residents work within the nearby cafes and restaurants which line the streets of Seddon and nearby suburbs.
Transport
Seddon is a very walkable neighbourhood, and many residents do not have a vehicle or a single vehicle and either walk, commute via public transport or cycle to work.
Seddon Station is on the Werribee and Williamstown railway lines. Sections of Seddon are close to Middle Footscray Station, which services the Sunbury Line.
Buses run through the main streets of the suburb such as Charles Street, Gamon Street, Victoria Street, and Albert Street. They provide services to many parts of the West, CBD and Williamstown/Altona.
Many families also use private transport to commute around the city, though largely families only have a single vehicle, sometimes two. This is due to parking being at a premium at most locations in the suburb.
Shopping Centre's, Restaurants & Facilities
Seddon has a great community culture, with the Seddon Community Group and Maribyrnong Council putting on an annual festival in Seddon. During this time, the main streets shut down for only pedestrian access.
The Seddon Makers Market also operates in the suburb throughout the year, which is full of many local businesses and organisations.
Seddon is a very walkable neighbourhood with a walkscore of 80/100, largely due to the village and walkable neighbourhoods of neighbouring Footscray, Kingsville and Yarraville.
Sport is popular in Seddon, with Seddon Cricket Club and Yarraville-Seddon Football Club being very popular amongst locals playing Cricket and Aussie Rules.
Many individuals enjoy shopping in many of the local inner west suburbs through the local boutique stores, the CBD and Docklands for larger department stores.
Many social clubs are also present within Seddon, such as Yoga, Running and Cookery clubs.
Development
Seddon remains one of the few suburbs in Melbourne that has a large proportion of the suburb somewhat untouched, but only cosmetically changed. The Seddon Village has many streetscape and town planning laws protecting this.
Close to 85% of the suburb is compromised of detached, attached and terrace style dwellings. Units and townhouses make up close to 15% of the suburb, and many exist as a form of shop top housing.
Most of the development in Seddon is renovation or redevelopment of existing dwellings. Some parts of Seddon however are heritage protected and it is important to have the right town planner when seeking advice.
Larger blocks above 400m2 in Seddon are rare, and often met with incredible demand. Some of these dwellings sell for above $3M, a number which was once never thought possible.
Capital Growth
Seddon is one of the best suburbs for capital growth in Australia. It has performed at 9.8% year on year growth according to the Aussie Home Loans 25 Year Report.
Some streets have performed at over 12.5% capital growth according to CoreLogic. Many of the best properties in these streets have been held for generations, and often do not come to market for many years.
Townhouses and apartments 5.5% and 4% respectively. These statistics are largely irrelevant in Seddon as the suburb is mostly compromised of detached, semi-detached and terrace style houses.
Cash Flow
Houses yield around 3% in Seddon, a number that has slightly been decreasing over the decades, due to incredible capital growth year on year.
Townhouses and units yield between 4.5-5%, and at times there is possibility to find deals above 5% yield.
It should be noted that houses close to the village centre and station generally yield closer to 3.5%, which is a very good return for within 10km of Melbourne CBD.
Rental Demand
Seddon vacancy rates for houses average close to 1.6%, undersupplied consistently over the past 20 years. In recent years, this has continued to decrease, as has stock levels.
Stock levels were largely affected in Seddon due to the diminishing presences of investors due to many laws in the late 2010s and early 2020s, causing many owner occupiers to purchase previous investors stock.
Townhouses and apartments average close to 2.2% vacancy rates, largely due to students and younger share dwellings being present. Many of these are students or migrants who tend to be temporary suburb residents.
Rents in Seddon have increased to over $700 per week in 2024, which were once prior to 2010, under $400 per week. This represents incredible rental demand and also significant cash flow for longer term investors.
Why You Require a Buyers Agent in Seddon
Seddon 20 years ago was a very easy suburb to purchase in, with many people ignoring the suburb entirely.
Over the later stages of rejuvenation, moving into gentrification in the late 2000s, Seddon became a suburb in demand from wealthier buyers from the east and inner north of Melbourne. This lead to many professionals viewing Seddon as an established and satisfying neighbourhood.
In recent years this demand has persisted and stock has decreased. To add to that, international buyers are also present.
Seddon is a suburb with a high auction rate for houses, with over 90% of homes going under the hammer. Homes can often go for over 20% above reserve price, due to the demand from a wealthy demographic.
Having a buyers agent in your corner will ensure that you are ahead of the competition, in the best streets, in the right dwellings and have the correct access to stock. Having a buyers agent will ensure that in the right hands to save thousands on the way in and make millions for years to come.
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