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.