Suburb Profile Report for Chelsea VIC (3196)

Chelsea House: Median price $855,000, Annual capital growth 6.60%, Number of sales 75, Weekly median advertised rent $460

Chelsea Unit: Median price $627,500, Annual capital growth 7.22%, Number of sales 123, Weekly median advertised rent $395

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

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Chelsea, 3196 ranked 165th in VIC when comparing growth in median property values or capital gain over the last 12 months. Chelsea is one of 2099 in our list for VIC

Across a shorter period, Chelsea, 3196 has seen a median price increase of 9.62% over the last quarter.

Sellers are offering property buyers an average discount of -6.21% to buyers in Chelsea at the moment, which is less than average for the rest of VIC.

At number 1073 in a list of fastest selling suburbs, Chelsea is in the TOP 30% of suburbs in Australia with an average of days on market 64.1778 for properties listed there.

The VIC suburb of Chelsea, 3196 is in the Kingston (C) (Vic.) local government area.

Property investors who have had real estate in Chelsea, 3196 should be relatively pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 3.72%

Taking the average capital gain, or increase in median house value, Chelsea,3196 has racked up an average of 3.72% over the period. This ranks it number 223th in the whole country for real estate investors looking at median house price increases.

Property buyers and investors in Chelsea 3196 should be seeing an average reduction in asking price of around -7.34% . This means that Chelsea is holding prices well when compared to other suburbs in VIC.

Residents and property investors in Chelsea have been waiting around 58.8312 days to sell a property.

Metrics i HOUSE UNIT
$855,000 $627,500
9.62% 2.45%
6.34% 3.72%
6.60% 7.22%
$460 $395
75 123
2.80% 3.27%
64.1777777777778 58.8311688311688

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Good (U)
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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
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