Chelsea Heights is a mid-sized suburb in Victoria within the Kingston (Vic.) local government area (postcode 3196). With a population of 5,393, the suburb has an established demographic with a median age of 40. Households earn a median income of $97K per year, with an average household size of 2.6 people. The most common occupations are professionals, technicians & trades, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Chelsea Heights is $933,000, having increased 2.9% over the past year. Units have a median price of $741,000 (+18.4% YoY). The current median weekly rent is $560. This gives a gross rental yield of approximately 3.1%. The median monthly mortgage repayment is $2,001.
Chelsea Heights is served by 1 school, including 1 primary. The average ICSEA score is 1059, which is above the national average of 1,000. Public transport access includes 41 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 Heights offers a gross rental yield of 3.1%, rated as moderate yield. Property prices are near the state median ($933K/$875K). The price-to-income ratio of 9.6x is considered moderate. House prices have moved +2.9% year-on-year.
Chelsea Heights is a mid-sized suburb in Victoria within the Kingston (Vic.) local government area (postcode 3196). With a population of 5,393, the suburb has an established demographic with a median age of 40. Households earn a median income of $97K per year, with an average household size of 2.6 people. The most common occupations are professionals, technicians & trades, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Chelsea Heights is $933,000, having increased 2.9% over the past year. Units have a median price of $741,000 (+18.4% YoY). The current median weekly rent is $560. This gives a gross rental yield of approximately 3.1%. The median monthly mortgage repayment is $2,001.
Chelsea Heights is served by 1 school, including 1 primary. The average ICSEA score is 1059, which is above the national average of 1,000. Public transport access includes 41 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 Heights offers a gross rental yield of 3.1%, rated as moderate yield. Property prices are near the state median ($933K/$875K). The price-to-income ratio of 9.6x is considered moderate. House prices have moved +2.9% year-on-year.