CHELSEA

With a housing landscape characterized by established valuations, Chelsea presents a unique case study in local market dynamics. The suburb currently holds a median house price of $1.06m. Prices have remained largely stable with a 8% change, suggesting a balanced market where supply has largely kept pace with local demand.

Lifestyle Profile

Leafy and open, the visual appeal of Chelsea lies in its low-density layout. It avoids the claustrophobia of the inner-city, offering residents a sense of space and sky.

It is a neighborhood where connectivity matters. The vibe is friendly and grounded, with a strong culture of neighbors knowing each other—a throwback to traditional suburban values.

For active residents, the area delivers. The abundance of green belts, cycle paths, and council-maintained sporting facilities adds a layer of 'health and wellness' to the local lifestyle.

The Demographic Profile

Understanding the resident base is key to understanding the market floor. Local data suggests a median household income of approx $61,992. With a price-to-income ratio significantly above the state average, ownership in Chelsea often involves significant equity recycling from previous properties. This suggests a resident base with high asset wealth rather than just high income.

Education & Catchments

School catchment zones are a primary driver of long-term property demand. The area is serviced by facilities such as Edithvale Primary School. For many buyers, the presence of local schooling creates a 'village' feel and ensures consistent demand from young families moving into the area.

Market Outlook

The market has shown resilience with 8.3% stable growth. This appeals to buyers seeking lower volatility.

Quick FAQ about Chelsea:

• Is Chelsea expensive? With a median price of $1.06m, it is considered a established market, often attracting buyers seeking classic living standards.
• What are the schools like? The catchment for Edithvale Primary School is a major driver of local demand.