Suburb Profile Report for Chelsea Heights VIC (3196)

Chelsea Heights House: Median price $651,879, Annual capital growth 7.58%, Number of sales 59, Weekly median advertised rent $435

Chelsea Heights Unit: Median price $456,700, Annual capital growth 2.39%, Number of sales 10, Weekly median advertised rent $383

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Chelsea Heights has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 9.47%

Chelsea Heights,3196 has offered an average of 9.47% return per annum in house price rises to property investors over the last three years.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.00% offered to property buyers. Sellers in Chelsea Heights itself are offering an average vendor discount of -3.66% to real estate investors.

Situated 29.62km from the CBD, Chelsea Heights is one of Kingston localities in the postcode 3196.

At number 434th in the list of Australian suburbs ordered by increase in median house value over the last year, Chelsea Heights, 3196 is in the top 30% with a property value increase of 9.26% recorded in median house prices.

Taking the average capital gain, or increase in median house value, Chelsea Heights,3196 has racked up an average of 9.26% over the period. This ranks it number 381th in the whole country for real estate investors looking at median house price increases.

Situated 17.92km from the CBD, Chelsea Heights is one of Kingston localities in the postcode 3196.

HOUSE UNIT
$651,879 $456,700
5.57% 6.46%
9.47% 9.26%
7.58% 2.39%
$435 $383
59 10
3.47% 4.36%
32.78 N/A

Source: CoreLogic

DSR Score for property investment : Good (U), Very good (H)
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Demographics
Total population 5185
Median household income ($/weekly) 1337
Median age of persons 37
Median housing loan repayment ($/monthly) 1800
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 703 13.6
    25-34 years 677 13.1
    35-44 years 882 17.0
    45-54 years 797 15.4
    55-64 years 580 11.2
    Others 1546 29.8
    Age Group
    Census Count Percent(%)
    Registered Married 1999 51.7
    Not Married 1554 40.2
    Defacto Relationship 313 8.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 3638 72.8
    Indonesia 123 2.5
    Papua New Guinea 118 2.4
    United Kingdom 278 5.6
    Other 254 5.1
    Others 588 11.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 116 2.4
    Christianity 3110 65.4
    Hinduism 92 1.9
    Islam 86 1.8
    No Religion 1296 27.3
    Others 54 1.1
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 147 9.0
    $800-$999 160 9.8
    $1,000-$1,249 168 10.3
    $1,500-$1,999 264 16.2
    $2,000-$2,499 193 11.9
    Others 696 42.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1737 43.7
    Not in the labour force 1182 29.7
    Employed, worked part-time 766 19.3
    Employed, away from work 167 4.2
    Unemployed, looking for work 126 3.2
    Person Characteristics
  • Census Count Percent(%)
    Professionals 409 15.3
    Technicians & trades workers 498 18.7
    Community & personal service workers 272 10.2
    Clerical & administrative workers 453 17.0
    Sales 291 10.9
    Others 746 28.0
    Occupation
    Census Count Percent(%)
    Pre-school 101 8.1
    Infants/Primary 455 36.4
    Secondary 361 28.9
    Technical or Further Educational Institution 130 10.4
    University or other Tertiary Institutions 169 13.5
    Others 35 2.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4502 90.9
    Flat, unit or apartment 226 4.6
    Caravan, cabin, houseboat 171 3.5
    Semi-detached, row or terrace house, townhouse 40 0.8
    House or flat attached to a shop, office 14 0.3
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 901 49.9
    Fully owned 542 30.0
    Rented 350 19.4
    Other tenure type 11 0.6
    Tenure Type
Census 2011, ABS
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