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%