Suburb Profile Report for Chelsea VIC (3196)

Chelsea House: Median price $1,062,500, Annual capital growth 8.22%, Number of sales 72, Weekly median advertised rent $495

Chelsea Unit: Median price $670,000, Annual capital growth 5.46%, Number of sales 174, Weekly median advertised rent $420

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

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

At number 1212th in the list of Australian suburbs ordered by increase in median house value over the last year, Chelsea, 3196 is in the top 30% with a property value increase of 18.06% recorded in median house prices.

While Chelsea,3196 ranked number 268th in VIC for increase in median house value (annualised) increase, it is ranked 392th over the last 5 years.

State is the 8th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.08% offered to property buyers. Sellers in Chelsea itself are offering an average vendor discount of -3.96% to real estate investors.

With the median price for a house in Chelsea being $1062500 and the advertised rent reaching $495 the gross rental yield for property investors calculates out to be 2.42%

At number 978th in the list of Australian suburbs ordered by increase in median house value over the last year, Chelsea, 3196 is in the BOTTOM 50% with a property value increase of 4.69% recorded in median house prices.

A 34.15% growth in median value for property investors in Chelsea,3196 puts this suburb at number 163th in terms of best performing suburbs in VIC

LACK OF BUYER INTEREST may well be the reason that Chelsea is offering property investors an average of -4.19. This rate of discount on properties puts Suburb at number 70th in terms of most discounted suburbs in VIC

Often selling an investment property can take time, and in Chelsea the average time real estate has been on the market is 43.2 days.

Using the current median advertised rental of $420 and the average annual increase in value of a median property of 5.46%, investors should hope to achieve an overall return of 3.26%

Metrics i HOUSE UNIT
$1,062,500 $670,000
5.46% 2.82%
18.06% 4.69%
8.22% 5.46%
$495 $420
72 174
2.42% 3.26%
41.9090909090909 43.2

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Very good (H), Very good (U)
Find a mortgage broker in Chelsea VIC
Demographics
Total population 7222
Median household income ($/weekly) 1046
Median age of persons 40
Median housing loan repayment ($/monthly) 1933
Average household size 2.1
  • Census Count Percent(%)
    25-34 years 1201 16.6
    35-44 years 1103 15.3
    45-54 years 850 11.8
    55-64 years 839 11.6
    65-74 years 640 8.9
    Others 2589 35.8
    Age Group
    Census Count Percent(%)
    Not Married 2582 46.7
    Registered Married 2316 41.9
    Defacto Relationship 636 11.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 5041 73.6
    Indonesia 121 1.8
    Papua New Guinea 129 1.9
    United Kingdom 490 7.2
    Other 340 5.0
    Others 731 10.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 120 1.9
    Christianity 4372 67.6
    Hinduism 68 1.1
    Other Religious Groups 60 0.9
    No Religion 1778 27.5
    Others 71 1.1
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 307 10.7
    $400-$599 344 12.0
    $600-$799 284 9.9
    $1,000-$1,249 271 9.5
    $1,500-$1,999 329 11.5
    Others 1331 46.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2307 39.7
    Not in the labour force 2161 37.2
    Employed, worked part-time 952 16.4
    Employed, away from work 202 3.5
    Unemployed, looking for work 184 3.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 391 11.3
    Professionals 774 22.4
    Technicians & trades workers 565 16.3
    Community & personal service workers 351 10.1
    Clerical & administrative workers 542 15.7
    Others 836 24.2
    Occupation
    Census Count Percent(%)
    Pre-school 132 11.4
    Infants/Primary 341 29.4
    Secondary 272 23.4
    Technical or Further Educational Institution 142 12.2
    University or other Tertiary Institutions 212 18.3
    Others 61 5.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4192 63.4
    Flat, unit or apartment 1278 19.3
    Semi-detached, row or terrace house, townhouse 1128 17.1
    House or flat attached to a shop, office 14 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1070 35.0
    Being purchased 995 32.6
    Fully owned 956 31.3
    Other tenure type 32 1.0
    Tenure Type
Census 2011, ABS
Chart Table