Chelsea is a mid-sized suburb in Victoria within the Kingston (Vic.) local government area (postcode 3196). With a population of 8,347, the suburb has an established demographic with a median age of 41. Households earn a median income of $88K per year, with an average household size of 2.2 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Chelsea is $1.2 million, having increased 2.5% over the past year. Units have a median price of $695,000 (+1% YoY). The current median weekly rent is $560. This gives a gross rental yield of approximately 2.4%. The median monthly mortgage repayment is $2,008.
Chelsea is served by 2 schools, including 2 primary. The average ICSEA score is 1080, which is above the national average of 1,000. Public transport access includes 11 rail stations, 22 bus stops. The crime rate in the Kingston (Vic.) LGA is moderate at 7,320 incidents per 100,000 population.
From an investment perspective, Chelsea offers a gross rental yield of 2.4%, rated as low yield. Property prices are above the state median ($1.2M/$875K), placing it in the premium segment. The price-to-income ratio of 13.8x is considered stretched. House prices have moved +2.5% year-on-year.
Chelsea is a mid-sized suburb in Victoria within the Kingston (Vic.) local government area (postcode 3196). With a population of 8,347, the suburb has an established demographic with a median age of 41. Households earn a median income of $88K per year, with an average household size of 2.2 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Chelsea is $1.2 million, having increased 2.5% over the past year. Units have a median price of $695,000 (+1% YoY). The current median weekly rent is $560. This gives a gross rental yield of approximately 2.4%. The median monthly mortgage repayment is $2,008.
Chelsea is served by 2 schools, including 2 primary. The average ICSEA score is 1080, which is above the national average of 1,000. Public transport access includes 11 rail stations, 22 bus stops. The crime rate in the Kingston (Vic.) LGA is moderate at 7,320 incidents per 100,000 population.
From an investment perspective, Chelsea offers a gross rental yield of 2.4%, rated as low yield. Property prices are above the state median ($1.2M/$875K), placing it in the premium segment. The price-to-income ratio of 13.8x is considered stretched. House prices have moved +2.5% year-on-year.