chelsea heights

3196, Victoria

Real Estate & Property Information

Median
Price Rank
286

chelsea heights Suburb Profile & Review

Chelsea Heights is a relaxed, friendly south-eastern suburb at the very start of the Mornington Peninsula Freeway. Before the 1870s, it was known as the Isles of Wannarkladdin, because it was the only high point in the Carrum Carrum Swamp.

Today, residents enjoy their easy proximity to Port Phillip Bay beaches and the Mornington Peninsula. They can walk to Chelsea Station, where trains run to Flinders Street on the Frankston line. The Bayside Trail, which stretches from Seaford to Port Melbourne, also runs along the boundary between Chelsea and Chelsea Heights.

The suburb is home to one primary school, Chelsea Heights Primary School. Takeaway shops and cafes are scattered along Wells Road. Recreational facilities are never-ending: Beazley Reserve accommodates the Chelsea Heights Football Club, while the adjoining Bicentennial Park boasts an enormous adventure playground for the kids. The Chelsea Heights Community Centre is popular for childcare, dance classes and arts activities, and the Chelsea Heights Hotel features a nightclub, bistro, bar and function rooms for weddings and other special occasions.

chelsea heights Demographic Data

$ 451,500 Median House Price

39 Minutes Average Commute

37 Median Age

5,186 Population

49.87 % Female

50.13 % Male

1443 NO OF FAMILIES

1.8 AVG CHILDREN PER FAMILY

0.9 AVG MOTOR VEHICLE PER DWELLING

What this means

The following data, without any explanation, is just that, raw data. So in order to help you research the property market, we have outlined what this demographic and real estate information means and how it can be interpreted to help you make a smarter decision when buying or selling your next house or unit in chelsea heights, Victoria.

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chelsea heights Demographic Data

The demographic data below has been supplied by the Australian Bureau of Statistics (ABS), which is a government body. It is based on Census data collected every 5 years on the Australian population. Although it is dated 2011, this is the latest data available and should give property investors, property buyers and sellers a very good idea when researching or reviewing their suburb.

It’s important to note when looking at this data that you don’t just use it on its own. Consider this demographic and real estate data as a whole and seek advice from a professional when thinking of buying or selling your next property.

chelsea heights Median House Prices

  • 2008 $ 359,500
  • 2009 $ 385,000
  • 2010 $ 405,625
  • 2011 $ 444,750
  • 2012 $ 451,500

What this means

Median values are the most accepted measure of property values in the real estate industry in Australia. The median is the midpoint (the middle) figure when all the sold property prices over a particular period of time are ordered from their lowest to their highest value.

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chelsea heights 5 Year Median House Prices

Here we have outlined the median value for all sales for each year over a period of 5 years. This is a more realistic timeframe when gauging how houses and units in chelsea heights have performed, and it usually indicates how they will perform in the future.

Median values less than 3 months old are often not always accurate (due to incomplete data) and therefore cannot be relied upon for long-term chelsea heights property price predictions.

chelsea heights Market Property Types

  • 85 % Seperate House
  • 2 % Semi Detached
  • 6 % Flat or Unit
  • 7 % Other Dwelling

What this means

The property type in your suburb will help you identify the density of the area. The greater the number of flats, units and apartments, the more likely it is the suburb has a higher density of living and occupants are more reliant on public transport, cafes, restaurants, convenience stores and amenities, infrastructure and less reliant on their own vehicle for transport.

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chelsea heights Market Property Types

Typically, inner city suburbs within 10km of the CBD are comprised of apartments and semi-detached homes, while middle ring suburbs have semi-detached and detached properties. Rural properties would most likely fall under the “other” category.

This ABS Property Type data combined with Population Density and Family Composition figures gives a good indication of the type of people living in an area and therefore what type of property (1-2 bed apartment or house) would be an ideal investment or property to live in.

chelsea heights Income & Mortgage Stats

  • $ 1,337 Median Weekly Household Income
  • $ 1,800 Median Monthly Mortgage

What this means

This is one of the most compelling statistics in this section because it has a profound impact on real estate prices. It should always be considered when buying or selling property in chelsea heights

Experts believe mortgage stress occurs in real estate when property owners are spending over 30% of their gross income on their mortgage repayments. These figures show weekly income and monthly mortgages.

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chelsea heights Income & Mortgage Stats

To calculate the percentage of income paid towards a mortgage for the suburb of Melbourne, multiply the mortgage payment (e.g. $2450) by 12 then divide this figure by the weekly income (e.g. $1200) multiplied by 52 (weeks) to look like this ($2450 x12/$1200 x 52) x 100 = 47%

Any figure above 30% usually indicates that the suburb you intend to buy in may have property owners with a high incidence of mortgage stress. In terms of maintaining or growing property values in the future and trying to secure a strong property price when selling, this could have an impact, especially in an economic or local industry downturn.

chelsea heights Sold Property Prices

chelsea heights Real Estate Experts

In each suburb we have identified real estate agents who are active local experts. Our goal is to have a network of real estate agents that have been reviewed by previous clients for future buyers and sellers to rely on when making their next property move or even when they just wanting real estate advice.

chelsea heights Related Local Blog Posts

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Hangover Stock Brings About Buying Opportunities

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Where is The Property Market Heading?

There has been a lot of “white noise” surrounding the Sydney and Melbourne property market over the last few months and it has taken me a while to determine which way things were actually going to go. Is the Australian property market heading down the gurgler or is this just a glitch?

Property Market Trends in Melbourne Which Could Affect Prices

In this final edition we look at what how the Melbourne property market has fared and what whether we are likely to see any changes in property prices, demand for property and economic drivers.

New Research Shows Consumers Who Don’t Own A Home Could Be Worse Off in Retirement

New Research released last week by Roy Morgan shows that people who don’t own a home have become worse off in terms of their net wealth and are jeopardising their retirement.

Is Australian Housing Heading for a Hard Landing or a Financial Cliff?

From my experience and talking with real estate agents the Melbourne market has softened no doubt, but are we heading towards a financial cliff?

chelsea heights Restaurants

  • Pizza Villa205 Thames Promenadechelsea heights VIC 319603 9772 6266
  • Pizza Kings1-3 Piper Drivechelsea heights VIC 319603 9773 9777
  • Nakhon Thai Restaurant193 Thames Promenade chelsea heights VIC 319603 9776 2949

chelsea heights Cafes

  • The Silly Seahorse Indoor Playcentre and CafeUnit 2, 213-225 Wells Roadchelsea heights VIC 319603 9776 3100
  • Temptation Bakery Cafe8 / 213-223 Wells Roadchelsea heights VIC 319603 8773 1273
  • Little Coffee Place238 Wells Roadchelsea heights VIC 319603 9773 8659

chelsea heights Schools

  • Chelsea Heights Primary School194 Thames Promenadechelsea heights VIC 3196(03) 9772 4139State Primary School

chelsea heights Childcare

  • ABC Learning Centre5 Piper Drchelsea heights VIC 3196

chelsea heights Kindergarten and Preschools

  • Chelsea Heights Kindergarten29 Third Avenuechelsea heights VIC 3196

chelsea heights Sporting Centres and Clubs

  • Beazley Reserve, Chelsea Heights T. Clubchelsea heights VIC 3196Tennis Club & Courts
  • Chelsea Heights T. Clubchelsea heights VIC 3196Tennis Club & Courts

Find out How Much your House is Worth in chelsea heights

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