Suburb Profile Report for Chelsea VIC (3196)

Chelsea House: Median price $829,000, Annual capital growth 9.49%, Number of sales 67, Weekly median advertised rent $450

Chelsea Unit: Median price $510,000, Annual capital growth 8.35%, Number of sales 140, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report
  • Unit Report

VIC has seen average median house prices change by 8.12% which means that Chelsea, 3196 has done well for property investors by showing a capital gain of 17.62% over the last year

Across a shorter period, Chelsea, 3196 has seen a median price increase of 0.85% over the last quarter.

Vendor discounting in Chelsea is giving property investors an average Vendor Discount of around -1.60%. This puts suburb at number 616th in VIC when ranking the most discounted suburbs.

The VIC suburb of Chelsea, 3196 is in the Kingston local government area.

At number 540th in the list of Australian suburbs ordered by increase in median house value over the last year, Chelsea, 3196 is in the top 40% with a property value increase of 7.37% recorded in median house prices.

A 37.84% growth in median value for property investors in Chelsea,3196 puts this suburb at number 106th in terms of best performing suburbs in VIC

The most recent median price for Chelsea is $510000, with sellers offering an average of -3.08% off the asking price.

HOUSE UNIT
$829,000 $510,000
0.85% 2.06%
17.62% 7.37%
9.49% 8.35%
$450 $350
67 140
2.82% 3.57%
66.25 42.95

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 7222
Median household income ($/weekly) 1046
Median age of persons 40
Median housing loan repayment ($/monthly) 1933
Average household size 2.1
  • Census Count Percent(%)
    25-34 years 1201 16.6
    35-44 years 1103 15.3
    45-54 years 850 11.8
    55-64 years 839 11.6
    65-74 years 640 8.9
    Others 2589 35.8
    Age Group
    Census Count Percent(%)
    Not Married 2582 46.7
    Registered Married 2316 41.9
    Defacto Relationship 636 11.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 5041 73.6
    Indonesia 121 1.8
    Papua New Guinea 129 1.9
    United Kingdom 490 7.2
    Other 340 5.0
    Others 731 10.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 120 1.9
    Christianity 4372 67.6
    Hinduism 68 1.1
    Other Religious Groups 60 0.9
    No Religion 1778 27.5
    Others 71 1.1
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 307 10.7
    $400-$599 344 12.0
    $600-$799 284 9.9
    $1,000-$1,249 271 9.5
    $1,500-$1,999 329 11.5
    Others 1331 46.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2307 39.7
    Not in the labour force 2161 37.2
    Employed, worked part-time 952 16.4
    Employed, away from work 202 3.5
    Unemployed, looking for work 184 3.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 391 11.3
    Professionals 774 22.4
    Technicians & trades workers 565 16.3
    Community & personal service workers 351 10.1
    Clerical & administrative workers 542 15.7
    Others 836 24.2
    Occupation
    Census Count Percent(%)
    Pre-school 132 11.4
    Infants/Primary 341 29.4
    Secondary 272 23.4
    Technical or Further Educational Institution 142 12.2
    University or other Tertiary Institutions 212 18.3
    Others 61 5.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4192 63.4
    Flat, unit or apartment 1278 19.3
    Semi-detached, row or terrace house, townhouse 1128 17.1
    House or flat attached to a shop, office 14 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1070 35.0
    Being purchased 995 32.6
    Fully owned 956 31.3
    Other tenure type 32 1.0
    Tenure Type
Census 2011, ABS
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