Over the last year, property investments in Chelsea, 3196 have given investors a capital gain of 1.38%. This compares badly with the 7.88% for VIC as a whole.
If we look at median property appreciation over just the last three months, Chelsea has given property investors a paper return of -1.08%. This puts Suburb as 512 on a list of fastest fasting appreciating suburbs in VIC
Property investors looking for a bargain in Chelsea should be aiming for at least -6.74% off the asking price, which is the average vendor discount being achieved at the moment.
Chelsea, 3196’s gross rental yield is 2.58%
Investment property in Chelsea has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 2.30%
Over the longer term, Chelsea has seen property prices show investors a 29.83% return over the last 3 years. This is worse than over the last 12 months
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 -5.21% is being offered, which puts this VIC suburb at 782th most discounted overall in Australia.
Often selling an investment property can take time, and in Chelsea the average time real estate has been on the market is 50.39 days.
With the median price for a house in Chelsea being $605000 and the advertised rent reaching $377.5 the gross rental yield for property investors calculates out to be 3.24%