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