Over the last year, property investments in Chelsea, 3196 have given investors a capital gain of 20.97%. This compares very favourably with the 8.13% for VIC as a whole.
Chelsea,3196 was ranked 1003 in Australia by increase in median property value over the quarter.
Property buyers and investors in Chelsea 3196 should be seeing an average reduction in asking price of around -7.49% . This means that Chelsea is holding prices well when compared to other suburbs in VIC.
Giving property investors a a stable capital gain of 7.85% for the last year, Chelsea, 3196 is the 535th highest performer in Australia in this respect.
If we look at median property appreciation over just the last three months, Chelsea has given property investors a paper return of 2.56%. This puts Suburb as 85 on a list of fastest fasting appreciating suburbs in VIC
Vendor discounting in Chelsea is giving property investors an average Vendor Discount of around -6.27%. This puts suburb at number 74th in VIC when ranking the most discounted suburbs.
On average over the past year, suburb has had 9.67 sales per month, which equates to 116 per year.
Using the current median advertised rental of $350 and the average annual increase in value of a median property of 8.17%, investors should hope to achieve an overall return of 3.63%