Thinking about buying in Chelsea? Now could not be a better time, with 5772 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,189,000 with prices in this suburb ranging from $304,000 to $8,825,000. Chelsea is located very near to the coast so expect stunning views of the ocean and access to beaches. Demand is likely to be very strong in this location which will support higher prices

Chelsea Real Estate Market Outlook

Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. High average incomes in Chelsea ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in Chelsea classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in Chelsea requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. Lower than average industry presence in Chelsea we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Chelsea a better buying opportunity than it may have been in the past.

Properties for sale Chelsea

	20 foy av, chelsea, vic, 3196	2	2	4	Forthcoming Auction
	5 sturdee st, chelsea, vic, 3196	3	2	4	1400000
	346 station st, chelsea, vic, 3196	3	1	1	890000
	unit 3, 366 nepean hwy, chelsea, vic, 3196	1	1	0	1220000
	unit 8, 18 avondale av, chelsea, vic, 3196	1	1	1	595000

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