Chelsea Heights has had a quite poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of -6.93% to date .
The five-year average increase in median property values for Chelsea Heights,3196 has given property investors a potential capital gain of 48.28% across each of those five years.
Chelsea Heights, 3196 is offering VIC ‘s 447th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 30% of discounts offered by this VIC.
Often selling an investment property can take time, and in Chelsea Heights the average time real estate has been on the market is 38.1667 days.
With the median price for a house in Chelsea Heights being $734000 and the advertised rent reaching $450 the gross rental yield for property investors calculates out to be 3.19%
If you compare the increase in value of investment property in Chelsea Heights, 3196 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this VIC suburb was -2.90%.
While Chelsea Heights,3196 ranked number 168th in VIC for increase in median house value (annualised) increase, it is ranked 8th over the last 5 years.
Advertised rents are around the $470 mark per week – giving a return of 4.18% based on the median price in Suburb