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