VIC has seen average median house prices change by 10.43% which means that Chelsea, 3196 has done well for property investors by showing a capital gain of 17.76% over the last year
Chelsea,3196 was ranked 968 in Australia by increase in median property value over the quarter.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.53% offered to property buyers. Sellers in Chelsea itself are offering an average vendor discount of -2.48% to real estate investors.
Often selling an investment property can take time, and in Chelsea the average time real estate has been on the market is 46.07 days.
A $445 per week rent on the median house gives suburb investors a gross yield of circa 2.59%, without taking into account capital value appreciation, which has been averaging out at 9.48%.
Over the last year, property investments in Chelsea, 3196 have given investors a capital gain of 15.15%. This compares very favourably with the 4.79% for VIC as a whole.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Chelsea has increased when compared to the 5 year average annual rate.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Chelsea, 3196. Typically our figures indicate that -2.90% is being offered, which puts this VIC suburb at 1287th most discounted overall in Australia.
On average over the past year, suburb has had 11.17 sales per month, which equates to 134 per year.