Chelsea vs Gapsted
Property investment comparison - Chelsea, VIC 3196 vs Gapsted, VIC 3737
Head-to-head across core investment metrics: Chelsea wins 4, Gapsted wins 1. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.
| Metric | Chelsea | Gapsted |
|---|---|---|
| Median house price | $1.1M | $1.1M |
| Median unit price | $745K | $505K |
| Gross rental yield (houses) | 3.25% | 2.73% |
| Gross rental yield (units) | 4.02% | 3.55% |
| 1-year house growth | +8.1%estimate | - |
| 3-year house growth | - | - |
| Vacancy rate | 1.3% | 1.8% |
| Population | 8,347 | 156 |
Chelsea vs Gapsted: what the numbers say
The median house price is $1.1M in Chelsea and $1.1M in Gapsted, so Chelsea is the cheaper entry point, with Gapsted houses about 1% dearer.
For units, Chelsea sits at a median of $745K against $505K in Gapsted, which makes Gapsted the more affordable unit market and Chelsea the pricier one.
On cash flow, Chelsea leads: houses there return a gross rental yield of 3.25%, compared with 2.73% in Gapsted, a gap of 0.52 percentage points.
Rental vacancy is 1.3% in Chelsea and 1.8% in Gapsted, so landlords in Chelsea face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Chelsea is the bigger suburb, with a population of 8,347 against 156, roughly 54 times the size of Gapsted; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Chelsea for rental income, Chelsea for a lower purchase price, Chelsea for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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