Suburb Profile Report for Chelsea VIC (3196)

Chelsea House: Median price $850,835, Annual capital growth 9.28%, Number of sales 82, Weekly median advertised rent $450

Chelsea Unit: Median price $520,000, Annual capital growth 8.25%, Number of sales 139, Weekly median advertised rent $360

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Chelsea has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 14.98%

If we look at median property appreciation over just the last three months, Chelsea has given property investors a paper return of 1.29%. This puts Suburb as 432 on a list of fastest fasting appreciating suburbs in VIC

Chelsea, 3196 is offering VIC ‘s 600th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this VIC.

Property investors should expect to get $450 weekly from the median priced house in this suburb.

If you compare the increase in value of investment property in Chelsea, 3196 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 5.16%.

The five-year average increase in median property values for Chelsea,3196 has given property investors a potential capital gain of 40.54% across each of those five years.

Chelsea, 3196 is offering VIC ‘s 295th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this VIC.

Often selling an investment property can take time, and in Chelsea the average time real estate has been on the market is 47.16 days.

With the median price for a house in Chelsea being $520000 and the advertised rent reaching $360 the gross rental yield for property investors calculates out to be 3.60%

Metrics i HOUSE UNIT
$850,835 $520,000
1.29% 1.96%
14.98% 5.16%
9.28% 8.25%
$450 $360
82 139
2.75% 3.60%
61.36 47.16

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
Find a mortgage broker in Chelsea VIC
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
Chart Table
Recent sales & rentals