Chelsea has had a A very good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 23.40% to date .
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.
Property buyers and investors in Chelsea 3196 should be seeing an average reduction in asking price of around -4.44% . 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 64.16 days to sell a property.
With the median price for a house in Chelsea being $772500 and the advertised rent reaching $440 the gross rental yield for property investors calculates out to be 2.96%
With a capital gain of 6.67% for the last 12 months, Chelsea, 3196 has performed for property investments than its average annual 8.08% property growth over the last 5 years.
Across a shorter period, Chelsea, 3196 has seen a median price increase of 0.30% over the last quarter.
The most recent median price for Chelsea is $496000, with sellers offering an average of -6.15% off the asking price.