Over the last year, property investments in Chelsea, 3196 have given investors a capital gain of 22.64%. This compares very favourably with the 7.68% for VIC as a whole.
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 -6.04% to property investors. Chelsea itself is showing figures that indicate -6.47% is the average achievable by property buyers investing in the suburb.
Chelsea, 3196’s gross rental yield is 2.91%
Property investors who have had real estate in Chelsea, 3196 should be relatively pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 6.32%
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.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Chelsea, 3196. Typically our figures indicate that -2.84% is being offered, which puts this VIC suburb at 1343th most discounted overall in Australia.
A $350 per week rent on the median house gives suburb investors a gross yield of circa 3.60%, without taking into account capital value appreciation, which has been averaging out at 8.31%.