Suburb Profile Report for Chelsea Heights VIC (3196)

Chelsea Heights House: Median price $778,000, Annual capital growth 7.85%, Number of sales 48, Weekly median advertised rent $450

Chelsea Heights Unit: Median price $641,000, Annual capital growth 6.28%, Number of sales 11, Weekly median advertised rent $398

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

VIC has seen average median house prices change by 8.62% which means that Chelsea Heights, 3196 has done well for property investors by showing a capital gain of 12.59% over the last year

Chelsea Heights,3196 has offered an average of 12.59% return per annum in house price rises to property investors over the last three years.

At number 445th of VIC’s most discounted properties, Chelsea Heights is in the TOP 40% of the state/territory when listing in order of most discounted to least.

Chelsea Heights is 331th on a list of best yielding suburbs for rents in VIC with a 3.01% return

Chelsea Heights has had a A very good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 28.84% to date .

Taking the average capital gain, or increase in median house value, Chelsea Heights,3196 has racked up an average of 28.84% over the period. This ranks it number 46th in the whole country for real estate investors looking at median house price increases.

The VIC suburb of Chelsea Heights, 3196 is in the Kingston local government area.

Metrics i HOUSE UNIT
$778,000 $641,000
1.57% -0.48%
12.59% 28.84%
7.85% 6.28%
$450 $398
48 11
3.01% 3.22%
37.07 N/A

Source: CoreLogic

DSR Score for property investment : Very good (H), Above average (U)
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Demographics
Total population 5185
Median household income ($/weekly) 1337
Median age of persons 37
Median housing loan repayment ($/monthly) 1800
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 703 13.6
    25-34 years 677 13.1
    35-44 years 882 17.0
    45-54 years 797 15.4
    55-64 years 580 11.2
    Others 1546 29.8
    Age Group
    Census Count Percent(%)
    Registered Married 1999 51.7
    Not Married 1554 40.2
    Defacto Relationship 313 8.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 3638 72.8
    Indonesia 123 2.5
    Papua New Guinea 118 2.4
    United Kingdom 278 5.6
    Other 254 5.1
    Others 588 11.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 116 2.4
    Christianity 3110 65.4
    Hinduism 92 1.9
    Islam 86 1.8
    No Religion 1296 27.3
    Others 54 1.1
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 147 9.0
    $800-$999 160 9.8
    $1,000-$1,249 168 10.3
    $1,500-$1,999 264 16.2
    $2,000-$2,499 193 11.9
    Others 696 42.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1737 43.7
    Not in the labour force 1182 29.7
    Employed, worked part-time 766 19.3
    Employed, away from work 167 4.2
    Unemployed, looking for work 126 3.2
    Person Characteristics
  • Census Count Percent(%)
    Professionals 409 15.3
    Technicians & trades workers 498 18.7
    Community & personal service workers 272 10.2
    Clerical & administrative workers 453 17.0
    Sales 291 10.9
    Others 746 28.0
    Occupation
    Census Count Percent(%)
    Pre-school 101 8.1
    Infants/Primary 455 36.4
    Secondary 361 28.9
    Technical or Further Educational Institution 130 10.4
    University or other Tertiary Institutions 169 13.5
    Others 35 2.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4502 90.9
    Flat, unit or apartment 226 4.6
    Caravan, cabin, houseboat 171 3.5
    Semi-detached, row or terrace house, townhouse 40 0.8
    House or flat attached to a shop, office 14 0.3
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 901 49.9
    Fully owned 542 30.0
    Rented 350 19.4
    Other tenure type 11 0.6
    Tenure Type
Census 2011, ABS
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