AREA REPORTS

Chelsea Heights

Suburb Profile

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

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unit

CHELSEA HEIGHTS, 3196 ranks 726th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 13.02% for property investors.

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 $781,000.

The upward trend in home prices in CHELSEA HEIGHTS, 3196 averaged 15.33% per annum over a 3-year period.

Average weekly rents on listings have reached the $450 mark, reflecting a 3% increase in returns based on the current median price in CHELSEA HEIGHTS.

An average of 4.5 real estate transactions take place per month in CHELSEA HEIGHTS which translates to 54 per annum.

54 properties were sold in CHELSEA HEIGHTS in 2016, making it the 174th most active market in VIC based on total real estate transactions.

CHELSEA HEIGHTS, 3196 places 302nd in Australia based on median property value growth during the quarter.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $781,000 $641,000
GROWTH REPORT
Median Quarterly 1.43% -0.48%
Median 12 month 13.02% 28.84%
Median 3 years 45.98% 55.02%
Median 5 years 68.64% 83.14%
10 years average annual 7.9% 6.28%
Weekly media advert. rent $450 $397.5
Time on Market 33.3 days 0.0 days
Gross Rental Yield Percent 3% 3.22%
demographics (median values)
Total Population
5126
Weekly Household Income
1070
Household Size
2.70
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