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Chelsea, VIC 3196
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,115,000
market range $1.0M-$1.3M
Median Unit
$745,000
market range $700K-$775K
Gross Yield (houses)
3.3%
1yr Growth (houses)
+8.1%
market range -2.5% to +15.0%
Investment snapshot for Chelsea
Chelsea has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Chelsea market and investor summary
Chelsea (VIC 3196) runs a median house price of $1.1M, with houses yielding a gross 3.3%. House prices have moved +8.1% over the past year. At 1.3% vacancy, it is a tight rental market that favours landlords.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 3.3% will not cover holding costs in the early years, so the case leans on price appreciation. Rental demand looks steady, with vacancy at 1.3% and a resident base that is not shrinking.
Living in Chelsea: people, income and schools
Chelsea is home to around 8,347 people, a number that has held fairly steady over five years. The median age is 41, skewed a little older, and families account for 61% of households.
Households here earn a median of about $88,000 a year, or roughly $1,680 a week. On socio-economic measures it ranks comfortably above the national middle (8 out of 10 on the ABS advantage index). At current prices a median house runs to a steep 12.7 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 20% over five years, which tends to underpin what local buyers can pay.
There are 17 schools within about 5km, testing a little above the national school average on ICSEA. It is roughly 30 km from the CBD. Some errands can be done on foot, though a car still helps; the suburb scores 67 for walkability and 29 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Premises.
- Population
- 8,347
- +4% over 5yr
- Median age
- 41 years
- Median household income
- $88,000/yr
- Households renting
- 32%
- Family households
- 61%
- Socio-economic rank
- 8/10
- ABS advantage index
- Schools within 5km
- 17
- avg ICSEA 1075
- Unemployment
- 5.6%
- Distance to CBD
- 30 km
- Walk score
- 67/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Chelsea
View all →Frequently asked questions about Chelsea
What should I check before investing in Chelsea?
Chelsea has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.0% gives a usable rent-to-price starting point. Capital growth of +8.1% in the past year shows strong recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Chelsea?
The median property price in Chelsea, VIC 3196 is $1.1M for houses and $745K for units.
What rental yield does Chelsea show?
The gross rental yield in Chelsea is 3.3% for houses and 4.0% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Chelsea?
House prices in Chelsea are up 8.1% over the past year. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Chelsea?
The current vacancy rate in Chelsea is 1.3%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Chelsea?
Chelsea has a population of approximately 8,347 residents, with a median age of 41.
What schools are near Chelsea?
There are 17 schools within roughly 5km of Chelsea. Their average ICSEA is a little above the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Chelsea affordable to buy in?
A median house in Chelsea costs about 12.7 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Chelsea's population growing?
The population of Chelsea has grown modestly, about 4% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Chelsea from the CBD?
Chelsea is about 30 km from the CBD.
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