Chelsea, VIC 3196 is a vibrant suburb with a total population of 8,347 residents. The suburb has a mix of age groups, with significant numbers of residents falling in the age groups of 20 to 24 years and 45 to 64 years. The median weekly household income is $1,683. The top three occupations in the area are Professionals, Managers, and Technicians/Tradesworkers. Chelsea offers various commuting options, with a noteworthy proportion of residents opting to work from home. For house investors, Chelsea presents an attractive opportunity with a high market absorption rate of 36%. The suburb boasts a strong rental demand indicated by a low vacancy rate. This presents a favourable environment for potential renovators due to a high Sale Price IQR Ratio. Unit investors can benefit from a market absorption rate of 45.5% and a room demand-supply ratio of 491.0%, indicating a potentially lucrative market. Chelsea, VIC 3196 is a diverse suburb with a good mix of demographics and ample amenities for residents. Investors looking at houses can capitalise on the high market absorption rate and renovating opportunities, whereas unit investors can explore the strong rental demand and room demand-supply ratio for potential returns. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022