Chelsea Heights

Chelsea Heights, VIC 3196, is a suburb with a population of 5,393 residents. The area is predominantly occupied by families, with a notable number of residents aged between 5 to 19 years and 45 to 64 years. The suburb offers a balanced mix of occupations, with a significant presence of professionals, managers, and technicians/tradeworkers. Residents mostly commute by car, but a considerable portion also works from home. The suburb is well-connected by public transport, including trains. Chelsea Heights has a low social housing ratio and a median household income that supports a comfortable lifestyle. For Houses, Chelsea Heights presents an opportunity for investors seeking properties with good renovation potential due to a high Sale Price IQR ratio. The market absorption rate signals a balanced demand, offering stable growth prospects. The suburb has shown consistent median price growth over the years. For Units, the low vacancy rate combined with a high market absorption rate indicates strong demand, making it an attractive option for investors. The moderate yield and rental prices offer steady rental income potential. Room demand significantly exceeds supply in the area, fostering a favourable rental market. Chelsea Heights, VIC 3196, is a family-friendly suburb with a diverse mix of occupations and convenient transport options. Investors looking at Houses can explore renovation opportunities with stable growth potential, while those interested in Units can benefit from strong demand and steady rental income. The suburb's demographics and lifestyle factors contribute to its appeal for homeowners and investors alike. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022