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Chelsea Heights

Suburb Profile

Chelsea Heights - FREE 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 $715,000.

The upward trend in home prices in CHELSEA HEIGHTS, 3196 averaged 4.72% per annum over a 3-year period.

Average weekly rents on listings have reached the $460 mark, reflecting a 3.35% increase in returns based on the current median price in CHELSEA HEIGHTS.

An average of 4 real estate transactions take place per month in CHELSEA HEIGHTS which translates to 48 per annum.

48 properties were sold in CHELSEA HEIGHTS in 2016, making it the 201st most active market in VIC based on total real estate transactions.

CHELSEA HEIGHTS, 3196 places 520th 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 $715,000 $615,500
GROWTH REPORT
Median Quarterly -1.72% 0.47%
Median 12 month -8.1% 15.7%
Median 3 years 14.17% N/A
Median 5 years 39.78% 60.39%
10 years average annual 6.08% 7.04%
Weekly media advert. rent $460 $430
Time on Market 39.8 days 34.0 days
Gross Rental Yield Percent 3.35% 3.63%
demographics (median values)
Total Population
5126
Weekly Household Income
1070
Household Size
2.70
demographics
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