Suburb Profile Report for Chelsea VIC (3196)

Chelsea House: Median price $825,000, Annual capital growth 9.42%, Number of sales 66, Weekly median advertised rent $450

Chelsea Unit: Median price $508,500, Annual capital growth 8.48%, 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

If you compare the increase in value of investment property in Chelsea, 3196 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 22.04%.

Comparing Chelsea,3196 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Chelsea3196 is located in VIC which offers an average discount of -6.03% to property investors. Chelsea itself is showing figures that indicate -1.60% is the average achievable by property buyers investing in the suburb.

Renters in Suburb are facing rents around $5400 per annum or $450 every week.

Chelsea has had a pretty good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 7.05% to date .

While Chelsea,3196 ranked number 132th in VIC for increase in median house value (annualised) increase, it is ranked 31th over the last 5 years.

Our latest figures would indicate that property sellers in Chelsea are currently offering property investors an average price cut of -3.10% below the asking price at the moment.

Chelsea is 280th on a list of best yielding suburbs for rents in VIC with a 3.58% return

HOUSE UNIT
$825,000 $508,500
2.74% 1.45%
22.04% 7.05%
9.42% 8.48%
$450 $350
66 140
2.84% 3.58%
58.7 45.39

Source: CoreLogic

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