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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 -4.96% over the past year and changed -5.00% over 2 years.

The median rent in Chelsea for houses is $625 per week and the median rental yield is 3.42%. Stock on the market for houses/townhouses has changed -7.14% compared to last year and the average time to sell a house/townhouse is 53 days.The median listing price for units is $590,000 and this has changed 1.72% over the past year. The average unit takes 57 days to sell and the median rent for a unit in Chelsea is $500 per week, producing a rental yield of 4.40%.

Supply & Demand in Chelsea, Kingston

0.99%

Current vacancy rate


42

Rental stock available


7,769

Population


28.50%

Rental population


0.73%

Current vacancy rate


518

Rental stock available


151,389

Population


22.80%

Rental population


0.93%

Current vacancy rate


28,886

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 $899,000 $590,000
Median price change - last quarter 0.00% -0.56% 0.84%
Median price change - 1 year -4.96% -14.39% 1.72%
Median price change - 2 years -5.00% -5.37% 0.00%
  House Townhouses Units
Median weekly rent $625 $695 $500
Median yield % 3.42% 4.02% 4.40%
Median rent change - 1 year 0.80% -0.72% 11.11%
  House Units
Previous month sales 4 8
Stock on market previous month 26 30
Stock variance vs. last year -7.14% 42.86%
Average days on market 53 57

Chelsea investment property listings

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