Suburb Profile Report for Chelsea Heights VIC (3196)

Chelsea Heights House: Median price $610,000, Annual capital growth 7.42%, Number of sales 58, Weekly median advertised rent $425

Chelsea Heights Unit: Median price $423,500, Annual capital growth 3.68%, Number of sales 11, Weekly median advertised rent $373

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 635th in the list of Australian suburbs ordered by increase in median house value over the last year, Chelsea Heights, 3196 is in the top 20% with a property value increase of 13.44% recorded in median house prices.

The five-year average increase in median property values for Chelsea Heights,3196 has given property investors a potential capital gain of 33.33% across each of those five years.

The most recent median price for Chelsea Heights is $610000, with sellers offering an average of -2.85% off the asking price.

Often selling an investment property can take time, and in Chelsea Heights the average time real estate has been on the market is 30.17 days.

Using the current median advertised rental of $425 and the average annual increase in value of a median property of 7.42%, investors should hope to achieve an overall return of 3.62%

Chelsea Heights, 3196 ranked 258th in VIC when comparing growth in median property values or capital gain over the last 12 months. Chelsea Heights is one of 2098 in our list for VIC

Chelsea Heights is 138th on a list of best yielding suburbs for rents in VIC with a 4.57% return

HOUSE UNIT
$610,000 $423,500
1.67% N/A
13.44% 0.12%
7.42% 3.68%
$425 $373
58 11
3.62% 4.57%
30.17 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Very good (U)
Find a mortgage broker in Chelsea Heights VIC
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
Chart Table
Recent sales & rentals