Chelsea vs Seddon

The median house price is $1.1M in Chelsea and $1.1M in Seddon, so Seddon is the cheaper entry point, with Chelsea houses about 1% dearer.

For units, Chelsea sits at a median of $745K against $715K in Seddon, which makes Seddon the more affordable unit market and Chelsea the pricier one.

On cash flow, Seddon leads: houses there return a gross rental yield of 3.45%, compared with 3.25% in Chelsea, a gap of 0.20 percentage points.

Over the past year house prices moved +8.1% in Chelsea (an estimate) and -1.7% in Seddon (an estimate), so recent momentum favours Chelsea, while Seddon went backwards.

Rental vacancy is 1.3% in Chelsea and 1.6% in Seddon, 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 5,143, larger than Seddon; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Seddon for rental income, Seddon for a lower purchase price, Chelsea for recent price momentum, Chelsea for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.