If you’ve been dreaming of a suburb that feels like a friendly little village but still keeps you close to the heart of Melbourne, Seddon might be exactly what you’re looking for. Just 15 minutes from the city, this charming pocket of the inner west is loved for its leafy streets, quirky cafés, and relaxed, community-focused vibe.
As we mentioned in our previous post, The Best Areas to Buy Property in Melbourne’s Inner West, Seddon is one of the best suburbs in Melbourne’s inner west. Whether you’re hoping to settle down, make your next property investment, or find a cosy rental, Seddon real estate has something for everyone. In this post, we’ll take a closer look at what life in Seddon, Victoria, is really like, from local attractions and restaurants to schools and transport.
We’ll also break down the current property market in Seddon, with insights on prices, popular property types, and what to expect if you’re thinking about buying or leasing in the area.
Where exactly is the suburb of Seddon located?
Seddon, VIC, Australia, located in the postcode area of Seddon 3011, is a vibrant suburb in Melbourne’s inner west. Just 7 km from the CBD, it offers a peaceful atmosphere while remaining close to the city’s bustling amenities. The suburb is well-known for its charming streets, community feel, and excellent local cafés, making it a highly desirable location for both residents and investors.
Residential Leasing in Seddon VIC 3015
Leasing a property in Seddon VIC 3015 provides access to one of Melbourne’s most desirable and growing suburbs. Known for its strong community vibe and proximity to Melbourne’s CBD, Seddon Melbourne has seen an increase in rental demand, offering a variety of properties from classic Victorian homes to modern apartments.
The suburb’s central location, just 7 kilometres from the city, combined with its charming streets and local amenities, make it an appealing choice for families and professionals alike. Seddon VIC is particularly well-regarded for its excellent transport links, parks like the Seddon Reserve, and an array of cafés and local shops. As a result, many are drawn to Seddon Victoria for a balanced lifestyle that offers both convenience and comfort.
For those interested in leasing, staying updated on rental listings via resources like JAS Stephens and other local property websites will ensure you don’t miss out on available homes in this vibrant suburb.
Rental Yield in Seddon VIC 3015
Seddon VIC 3015 has become an attractive option for investors due to its steady rental yield, fueled by the suburb’s close proximity to Melbourne’s CBD and vibrant community atmosphere. Rental yield is an important consideration for property investors, as it helps determine the return on investment (ROI).
As of recent market trends, the rental yield in Seddon is competitive compared to neighbouring suburbs, making it an appealing choice for those looking to invest in Seddon real estate. According to data from Domain and Realestate.com.au, rental yields in the area range from 3.5% to 4.5%, depending on the property type and condition. The yield is influenced by a high demand for rental properties, which in turn boosts returns for property owners.
Rental Demand in Seddon VIC 3015
The rental demand in Seddon real estate remains strong, driven by its convenient location, local amenities, and strong community feel. The demand for rental properties in Seddon continues to outpace supply, especially for houses with multiple bedrooms and modern fittings.
Many tenants are drawn to Seddon’s leafy streets, easy access to parks like Seddon Reserve, and the suburb’s vibrant café culture. As the suburb’s popularity grows, so does the demand for rental homes, making it an excellent market for property investors looking for stable returns. The increased demand has also led to shorter vacancy periods, which is beneficial for landlords.
Rental Prices in Seddon VIC 3015 by Property Size
When it comes to rental prices in Seddon VIC, the price often varies based on property size. Real estate prices in Seddon VIC vary depending on the type and size of the property. Here’s a quick breakdown based on the latest market insights:
1-Bedroom Apartment rental price in Seddon, Melbourne
- Around $350 – $420 per week
2-Bedroom Apartment rental price in Seddon, Melbourne
- Around $420 – $550 per week
3-Bedroom House rental price in Seddon, Melbourne
Typically $500 – $650 per week
4-Bedroom House rental price in Seddon, Melbourne
- From $650 up to $750+ per week
These rental prices reflect the strong demand for quality living spaces in Seddon VIC Australia, driven by the suburb’s leafy streets, proximity to public transport, popular schools, parks, and a thriving local café and shopping scene. According to recent data from Domain and Realestate.com.au, larger family homes in Seddon 3011 continue to attract premium rents, particularly among families and professionals seeking extra space.
Seddon, a vibrant suburb in Melbourne’s inner west, has experienced a steady rise in rental prices, reflecting its growing popularity among renters seeking a blend of urban convenience and community charm. As of the latest data:
- Houses: The median weekly rent for houses in Seddon offers a rental yield of around 3.07%.
- Units/Apartments: For units, the median weekly rent stands at $495, with a higher rental yield of about 4.55%, making them an attractive option for investors.
Seddon Suburb Commercial Leasing Market Overview
The Seddon suburb has evolved into a vibrant hub for businesses, blending its rich heritage with modern amenities. The area’s unique charm, coupled with its strategic location, has made it increasingly attractive for commercial ventures.
Seddon’s commercial real estate market offers a variety of property types to cater to different business needs:
Retail Spaces: Seddon offers a variety of retail properties for lease, with many positioned along the lively Victoria Street. These spaces benefit from strong foot traffic and excellent street visibility, making them ideal for cafés, boutiques, and specialty shops.
Office Spaces: There’s a healthy supply of office properties available for lease in Seddon VIC, ranging from modern open-plan layouts to charming converted terraces. These offices suit a mix of small businesses, creative agencies, and professional services looking for a well-connected, village-style location close to Melbourne’s CBD.
Leasing Trends and Market Dynamics
The commercial leasing market in Seddon is characterised by:
- High Demand: The suburb’s proximity to Melbourne’s CBD and its unique village atmosphere contribute to a strong demand for commercial spaces.
- Versatile Zoning: Many properties fall under the Mixed Use Zone (MUZ), allowing for a combination of residential and commercial uses, providing flexibility for businesses and investors.
- Competitive Leasing Rates: While specific rental prices vary based on property type and location, Seddon offers competitive rates compared to neighbouring suburbs, making it an attractive option for businesses.
Strategic Advantages for Businesses in Seddon
Businesses considering Seddon for their operations can benefit from:
- Accessibility: Excellent public transport links, including the Seddon Railway Station and multiple bus routes, facilitate easy commuting for employees and customers.
- Community Engagement: A strong local community supports small businesses, fostering customer loyalty and sustained patronage.
- Growth Potential: Ongoing developments and a steady influx of residents contribute to a growing customer base and increased business opportunities.
Recent Leasing Activity in Seddon
The Seddon suburb has seen consistent and healthy leasing activity, highlighting the area’s thriving commercial property market. A variety of retail, office, and industrial spaces have been successfully leased in recent months, reflecting strong demand from both established businesses and new ventures.
Notable leases include versatile commercial properties along Victoria Street and surrounding precincts. This steady activity underscores Seddon’s appeal as a well-connected, community-focused suburb ideal for business growth.
Average Commercial Rental Rates in Seddon VIC
The average rental rates for commercial properties in Seddon are competitive, reflecting the suburb’s appeal due to its proximity to Melbourne’s CBD and ongoing development. Rental rates generally follow the type of property and its location within Seddon:
- Retail Spaces: Approx. $400 – $650/m² p.a.
Seddon’s retail spaces are popular among businesses looking for high-visibility locations with great foot traffic, particularly along key streets like Victoria Street.
Note: Keep in mind that these are just approximate numbers, and you should contact us for the most up-to-date information.
- Office Spaces: Approx. $350 – $500/m² p.a.
With many businesses and startups attracted to the suburb’s proximity to Melbourne, office spaces in Seddon are in demand, offering a mix of traditional office buildings and modern shared workspaces.
Note: Keep in mind that these are just approximate numbers, and you should contact us for the most up-to-date information.
Commercial Rental Yields in Seddon VIC
Seddon offers attractive rental yields across its commercial properties. The retail, office, and industrial properties market presents opportunities for strong returns on investment.
- Retail Properties: Approx. 5% – 6%
Retail properties in high-traffic areas, especially along Victoria Street, can provide solid yields, as businesses in the area tend to perform well with steady foot traffic.
Note: Keep in mind that these are just approximate numbers, and you should contact us for the most up-to-date information.
- Office Properties: Approx. 4% – 5%
Office spaces in Seddon typically attract steady demand, with lower yields than retail properties but they still offer reliable returns due to the growing number of businesses operating in the area.
Note: Keep in mind that these are just approximate numbers, and you should contact us for the most up-to-date information.
- Industrial Properties: Approx. 6% – 8%
Seddon’s industrial properties are an attractive option for investors looking for higher yields, particularly for properties with larger floor areas that cater to manufacturing, storage, and distribution businesses.
Seddon VIC Property Market: Insights from JAS Stephens
The property market in Seddon VIC 3011 continues to show promise, offering a unique blend of modern developments and charming historical elements. Located just 7km from Melbourne’s CBD, Seddon is becoming an increasingly desirable area for both renters and investors. With a range of commercial and residential properties available, the market is booming thanks to the suburb’s close proximity to key amenities, excellent transport links, and a vibrant local community.
As a trusted real estate agency in Melbourne’s inner west, Jas Stephens is here to guide you through the ever-evolving property landscape in Seddon. Whether buying, selling, leasing, or seeking expert advice, our team is dedicated to helping you make informed decisions and secure the best possible outcomes. With decades of experience in the local market, we understand the intricacies of the Seddon property scene and are committed to providing you with personalised, professional service.
Let Jas Stephens be your trusted partner in navigating the dynamic property market of Seddon VIC. Reach out to us today to learn more about available listings, market trends, and how we can assist you in achieving your property goals.
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