Market snapshot
Suburb insights for Chelsea3196
Change suburbChelsea is located 30 km south-east of the CBD. Located in Melbourne's outer south Chelsea is a small bayside suburb. The population is generally comprised of families but like a number of bayside areas has large numbers over the age of sixty. The area includes a significant retail and commercial area on the Nepean Hwy around Chelsea Railway Station. Chelsea also features the Chelsea Recreation Reserve and Bicentennial Park.
Sales data
Median sale price
$1.2mil
Quarterly price change
12.4%
Metro Melbourne Comparison
$895k
-2.1%
| Bedrooms | Chelsea | Metro comparison |
|---|---|---|
| 2 | $745,000 | $888,000 |
| 3 | $1,140,500 | $807,000 |
| 4 | $1,455,000 | $950,000 |
| Insight | Chelsea | Metro comparison |
|---|---|---|
| Clearance rate | 75.9% | 72.6% |
| Days on market | 36 | 43 |
Rental data
Median weekly rent
$650
Rental yield
2.9%
Metro Melbourne Comparison
$580
3.3%
| Bedrooms | Chelsea | Metro comparison |
|---|---|---|
| 2 | $535 | $575 |
| 3 | $675 | $550 |
| 4 | - | $600 |
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