Suburb Profile Report for Chelsea Heights VIC (3196)

Chelsea Heights House: Median price $734,000, Annual capital growth 6.69%, Number of sales 60, Weekly median advertised rent $450

Chelsea Heights Unit: Median price $585,000, Annual capital growth 10.32%, Number of sales 11, Weekly median advertised rent $470

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

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

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

Metrics i HOUSE UNIT
$734,000 $585,000
-2.13% 0.21%
-6.93% -2.90%
6.69% 10.32%
$450 $470
60 11
3.19% 4.18%
38.1666666666667 N/A

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Good (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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