"that which rises in bad times keeps rising when the good times return"
What, you mean like just across the road?
Seaford units up
15.3% in the Dec 08 quarter, and up
24% since the Jun 08 quarter
http://realestateview.com.au/portal...rtydata&search=1&suburbname=seaford&state=vic
Bear in mind that Seaford units are quite different animals to Seaford houses and there can be substantial variation between the two. And Seaford is a diverse suburb with many pockets and varying housing quality.
Seaford units are overwhelmingly west (beachside) of the railway line so are not spread eavenly through the suburb as much as houses.
If you're lucky it will be on Nepean Hwy near the Seaford station and shops, across from the beach. There are some townhouses there, and despite the Nepean Hwy location I would regard them as being well-located.
However the vast concentration of units in Seaford are 2br villas west of Wells Rd between Kananook Station and Overton Rd. A great place to live if you don't have much money and want a small place by the beach. However there's no shops within walking distance and Kananook Station has the worst reputation on the line. But if you work at a car dealers then work is a very short walk from home.
Nevertheless there's some lovely streets in the area and the houses are nice if you get away from the abovementioned unit 'ghetto' area. Some even back onto Kananook Creek. The blocks are also a good size.
So this is the location where most Seaford units are. As are a minority of Seaford houses. But they're good as they're beachside of Wells Rd and the railway. Also good are the pocket of older houses between the railway and the freeway north of Seaford Rd. Also big blocks and still walking distance to Seaford Station, beach etc.
Not as good is that portion of Seaford east of the freeway/Wells Rd. This is still west of Frankston-Dandenong Rd. Nevertheless the northern part around Belvedere is better than the southern part immediately east of Kananook Station. This southern part has the station but there's some rough looking houses, and of course its right near Franga North. There's not many units in this part.
Seaford houses are spread across all these areas; Seaford units are very heavily concentrated. So what might go for units might not apply for houses.