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Investment Property Chelsea, VIC, 3196

Suburb Snapshot

Chelsea is a suburb in the Kingston Region of Victoria. Chelsea has a population of 7,769 people and 28.50% of its occupants live in rental accommodation. The median listing price for houses is $950,000 and this has changed -4.53% over the past year and changed -4.77% over 2 years.

The median rent in Chelsea for houses is $615 per week and the median rental yield is 3.36%. Stock on the market for houses/townhouses has changed 3.70% compared to last year and the average time to sell a house/townhouse is 54 days.The median listing price for units is $595,000 and this has changed 3.03% over the past year. The average unit takes 53 days to sell and the median rent for a unit in Chelsea is $490 per week, producing a rental yield of 4.28%.

Supply & Demand in Chelsea, Kingston

0.92%

Current vacancy rate


39

Rental stock available


7,769

Population


28.50%

Rental population


0.70%

Current vacancy rate


497

Rental stock available


151,389

Population


22.80%

Rental population


0.94%

Current vacancy rate


29,256

Rental stock available


5,926,624

Population


24.77%

Rental population


This is information is brought to you by realestateinvestar.com.au - The online home for property investors

Statistical data for Chelsea, Kingston

  House Townhouses Units
Median listing price $950,000 $895,000 $595,000
Median price change - last quarter 0.00% -0.56% 0.84%
Median price change - 1 year -4.53% -10.46% 3.03%
Median price change - 2 years -4.77% -5.79% 0.84%
  House Townhouses Units
Median weekly rent $615 $700 $490
Median yield % 3.36% 4.06% 4.28%
Median rent change - 1 year 2.50% 0.71% 8.88%
  House Units
Previous month sales 5 9
Stock on market previous month 28 29
Stock variance vs. last year 3.70% 3.57%
Average days on market 54 53

Chelsea investment property listings

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