Suburb Profile Report for Chelsea Heights VIC (3196)

Chelsea Heights House: Median price $711,500, Annual capital growth 7.82%, Number of sales 52, Weekly median advertised rent $440

Chelsea Heights Unit: Median price $583,875, Annual capital growth 5.74%, Number of sales 10, Weekly median advertised rent $365

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

Source: CoreLogic

  • House Report
  • Unit Report

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.

Metrics i HOUSE UNIT
$711,500 $583,875
4.63% N/A
16.64% 36.10%
7.82% 5.74%
$440 $365
52 10
3.22% 3.25%
25.66 N/A

Source: CoreLogic

DSR Score for property investment : Very good (H), Above average (U)
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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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