Powered by MOMENTUM MEDIA
smart property investment logo
Chelsea Heights
AREA REPORTS

Chelsea Heights

Chelsea Heights - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3196

house
unit

Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.

The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $975,000.

The upward trend in home prices in CHELSEA HEIGHTS, 3196 averaged 9.43% per annum over a 3-year period.

Average weekly rents on listings have reached the $495 mark, reflecting a 2.64% increase in returns based on the current median price in CHELSEA HEIGHTS.

An average of 5.75 real estate transactions take place per month in CHELSEA HEIGHTS which translates to 69 per annum.

69 properties were sold in CHELSEA HEIGHTS in 2016, making it the 99th most active market in VIC based on total real estate transactions.

CHELSEA HEIGHTS, 3196 places 502nd in Australia based on median property value growth during the quarter.

Data report can be found below

Chelsea Heights
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $975,000 $711,750
GROWTH REPORT
Median Quarterly 2.63% -3.16%
Median 12 month 20% 10.09%
Median 3 years 28.29% 22.72%
Median 5 years 51.87% 48.28%
10 years average annual 8.26% 10.55%
Weekly media advert. rent $495 $435
Time on Market 20.6 days 28.0 days
Gross Rental Yield Percent 2.64% 3.18%
demographics (median values)*
Total Population
25327
Weekly Household Income
1456
Household Size
2.40
Age
40
Monthly Loan Repayment
1845
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
select a category
Age group
Top 10 Birth Countries
Dwelling Structures
Education
Household Income
Labour Force
Marital Status
Occupation
Religious Affiliation
Tenure Type

Get the latest news & updates

Join a community of over 100,000 property investors.

Check this box to receive podcast updates

Related Articles


Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.