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A potential 3 unit site on a 995sq meter block, not beachside, was sold for $540,000 one day after being listed. Bought by a developer who will rent it out for a year or so before developing.

Anyone know the latest median price for Seaford? It appears as if the non-beachide part of Seaford is showing quite a bit of strength. Still a few cheapies to be found, but they are fewer and far between.

A fair number of retirees are moving to Seaford and near beachside Frankston. I expect this trend to continue as redevelopment/gentrification takes place. Lots of builders, developers & investors are chasing older homes on development sized blocks ie. 600sqm+

The demand for houses on dual occ sites ie. over 600sqm is very high, even in non-beachside Seaford.

When something comes off an extremely low price base, as is the case with Seaford, virtually anything can be a catalyst for capital gain. Seaford and Frankston are among Australia's cheapest major-city beachside suburbs, both are priced well below Melbourne's median. For barely $350,000...

Some of you folks are over-analyzing. It's hard not to make money in Seaford/Frankston as both suburbs are coming off an extremely low price base, priced well below the Melbourne median. For me, the attraction is the size of the blocks - most are ripe for development and two houses can be...

Thanks for perpetuating the negativity and the doom and gloom. Actually, there have been innumerable examples in Australia's economic history where house prices rose as interest rates crept up. No matter what, people need a place to live and Seaford is still incredibly cheap when compared to...

Although property is usually a buy and hold proposition, there are times when a catalyst can make property prices in a particular area move up sharply 1. The arrival of St Kilda football club in Seaford will almost certainly have a positive effect on prices as players and staff will most...

I dealt with the agency selling this house back in 2006. I offered them $10,000 more than what another buyer was offering for a house I liked. Because the agent had written up the offer for the other buyer and didn't have time to meet me in the city, they "gave" the sale to the buyer with the...

The agent needs to pay his office rent every month. He needs a fast sale so he can get his commission right away. A cheap house sells a lot faster than an overpriced one. This is how it works in the real world.

The agent needs to pay his office rent every month. He needs a fast sale so he can get his commission right away. A cheap house sells a lot faster than an overpriced one.

Chinese buying is an issue in Sydney, which traditionally has always had a large Chinese base. Not the case in Seaford - hardly any Chinese here mate.

Being beachside, this will sell for close to $600,000+, possibly much more. If it was non-beachside, this will go for around $500,000+. A smaller builder/developer will probably pick it up, demolish the house and put 3-4 units where there was once just one building. Large sites like this...

This seems too cheap to be true - do you have a link for it?

The expensive stuff in the past was all on the beachside of Seaford. However, the dynamics are starting to change change and there's a lot more interest in the other side of Seaford - in places where working-class people once lived. Still quite a few bargains to be found.

Wow, a rare, near-new 5 bedroom house selling so cheaply.

Seaford and Frankston are two of the cheapest beachside suburbs in capital city Australia. As far as capital gain potentiality goes, I daresay the recent increases are more than sustainable for two reasons: 1. Prices are still well below the greater Melb median 2. Most blocks in Seaford and...

Very true Spiderman. You are one of the more respected contributers here. Where in Melb do you own your IPs? Or where are you currently looking?

The latest quarters median from REIV is in and is at $425,000. Clearly this house is cheap given its location. The icing on the cake would be if it were on a dual occ site - many older homes in Seaford are on potential development sites (600sqm+) http://data1.reiv.com.au/trendchart/default.aspx

Actually its one of the cheapest beachside suburbs anywhere in major city Australia, with a good proportion of houses on dual occ sites which can be developed with a minimum of fuss . Buying a cheapie (preferably on a block of 600sqm+) will certainly reap rewards. Hard to go wrong if one buys...