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Chelsea Heights, VIC 3196

Home » VIC Real Estate Data » Kingston City, VIC » Chelsea Heights, VIC 3196

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Chelsea Heights, VIC 3196 located in Melbourne to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

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Rent 

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Yield 

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Buy 

1BR

2BR

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Rent 

1BR

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Yield 

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Chelsea Heights, VIC 3196”

  1. The total adult population (15 years or older) of Chelsea Heights 3196 VIC is 4,334, with a median age of 40. Of those, 50.21% are married, 11.93% are divorced or separated, 32.10% are single and 5.88% are widowed.

    The average household size is 2.6 people per dwelling, and the median household monthly income is estimated to be $9,252. The median monthly mortgage repayment for households in this suburb is $2,001 which is 21.63% of their earnings.

    Source: ABS Census Data (2021)

  2. The charming suburb of Chelsea Heights, 3196, is nestled within the dynamic state of Victoria. Being home to an estimated 2416 households, this thriving suburb shows recent property market trends reflecting notable investment opportunities.

    By the third quarter of 2023, house prices in Chelsea Heights were identified at an average of $885,635 AUD. With a median weekly rent of $554, this generates an indicative yield of a respectable 3.25% which, while not necessarily being exceptional, certainly meets the cashflow-centered property investor’s minimum market requirement of a yield above 3%.

    Boasting an IRSAD score of 1024 out of a possible 1217, Chelsea Heights enjoys a favourable socio-economic standing, indicated by an increased access to economic resources coupled with substantial income levels and a high percentage of skilled professions among its residents.

    On the subject of demand and supply, the suburb also showcases a set of appealing metrics. With a relatively low renter to owner ratio of 13%, the local property market is not oversaturated with rental properties which might dampen returns in the long term or increase competition amongst investors. Similarly, a units to houses ratio of 12% keeps the competition among landlords for tenants at a manageable level and offers potential for higher rental yields due to less oversaturation from the rental market.

    However, it’s important that property investors take note of the affordability index in Chelsea Heights. With the estimated duration required to fully own a house being 37 years, this situation presents a slightly unfavorable conditions with regards to affordability, a crucial factor that could impact demand over time.

    The stock on market Percentage sits at a favourable low supply level of 0.15%, and the inventory level for houses is just 0.68 months – both metrics showing that the suburb has a healthy property market absorption rate. Meanwhile, the building approvals Ratio of 0.35% indicates a limited supply of new dwellings, leaning towards favourable conditions for investors.

    Homes in Chelsea Heights don’t seem to spend much time on the market, with an average DoM (Days on Market) for houses being 22. This figure indicates high demand in the area. Aligned with this is the Vacancy Rate, which at 1.93% also denotes high demand relative to supply.

    However, the buy search index for houses in Chelsea Heights is just 3. This may indicate a somewhat limited demand for properties in the area. Despite a couple of unfavorable metrics, Chelsea Heights displays some promising prospects.

    When making property investment decisions, it’s paramount to consider not just the current market conditions but also the trending changes. One recommended approach is to watch the Relative Composite Score (RCS), which integrates over 80 metrics to provide a comprehensive overview of the market.

    The Australian property scene is as dynamic and there’s potential for substantial gains in suburbs like Chelsea Heights, which provide both favorable house pricing and a decent indicative yield. As always, to make rewarding investment decisions, keep a pulse on evolving market trends.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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