Suburb Profile Report for Chelsea VIC (3196)

Chelsea House: Median price $895,000, Annual capital growth 9.28%, Number of sales 91, Weekly median advertised rent $440

Chelsea Unit: Median price $590,000, Annual capital growth 8.66%, Number of sales 125, Weekly median advertised rent $360

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 1093th in the list of Australian suburbs ordered by increase in median house value over the last year, Chelsea, 3196 is in the top 30% with a property value increase of 13.29% recorded in median house prices.

While Chelsea,3196 ranked number 577th in VIC for increase in median house value (annualised) increase, it is ranked 76th over the last 5 years.

Property buyers and investors in Chelsea 3196 should be seeing an average reduction in asking price of around -2.48% . This means that Chelsea is holding prices well when compared to other suburbs in VIC.

Residents and property investors in Chelsea have been waiting around 47.84 days to sell a property.

Using the current median advertised rental of $440 and the average annual increase in value of a median property of 9.28%, investors should hope to achieve an overall return of 2.56%

Chelsea has had a A very good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 17.71% to date .

Over the longer term, Chelsea has seen property prices show investors a 43.64% return over the last 3 years. This is worse than over the last 12 months

Property investors looking for a bargain in Chelsea should be aiming for at least -4.11% off the asking price, which is the average vendor discount being achieved at the moment.

At number 140 in a list of fastest selling suburbs, Chelsea is in the TOP 10% of suburbs in Australia with an average of days on market 38.39 for properties listed there.

Metrics i HOUSE UNIT
$895,000 $590,000
-0.42% 2.61%
13.29% 17.71%
9.28% 8.66%
$440 $360
91 125
2.56% 3.17%
47.84 38.39

Source: CoreLogic

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