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
$1.1mil
Quarterly price change
-13.6%
Metro Melbourne Comparison
$923k
2.7%
| Bedrooms | Chelsea | Metro comparison |
|---|---|---|
| 2 | - | $881,200 |
| 3 | $1,067,750 | $810,000 |
| 4 | $1,547,500 | $942,350 |
| Insight | Chelsea | Metro comparison |
|---|---|---|
| Clearance rate | 100% | 78.5% |
| Days on market | 30 | 42 |
Rental data
Median weekly rent
$650
Rental yield
3%
Metro Melbourne Comparison
$580
3.3%
| Bedrooms | Chelsea | Metro comparison |
|---|---|---|
| 2 | - | $580 |
| 3 | $675 | $550 |
| 4 | - | $600 |
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