Investment property in Chelsea Heights has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 16.64%
Over the longer term, Chelsea Heights has seen property prices show investors a 43.74% return over the last 3 years. This is worse than over the last 12 months
Sellers are offering property buyers an average discount of -1.08% to buyers in Chelsea Heights at the moment, which is less than average for the rest of VIC.
Using the current median advertised rental of $440 and the average annual increase in value of a median property of 7.82%, investors should hope to achieve an overall return of 3.22%
Giving property investors a a solid capital gain of 36.10% for the last year, Chelsea Heights, 3196 is the 24th highest performer in Australia in this respect.