All About Chelsea, Kingston (Vic.), VIC, 3196

The housing market in Chelsea, a suburb of Kingston, Victoria, offers a diverse range of options suitable for both families and individuals seeking a coastal lifestyle. Over the years, Chelsea has gained popularity due to its beautiful beaches, proximity to Melbourne's central business district, and its relaxed atmosphere. The real estate market here includes a mix of older, charming homes and modern developments, catering to a wide spectrum of buyers. Property prices have seen a steady rise, reflecting the area's growing appeal, yet it remains relatively more affordable compared to some of Melbourne's inner suburbs. The demand is continually boosted by the suburb's excellent transport connections, including the Chelsea railway station, which provides convenient access to the city.

Living in Chelsea, residents get to enjoy a small-town feel with the benefits of city proximity. The suburb is characterized by its scenic coastline, offering residents stunning views and a plethora of outdoor activities, including swimming, picnics, and beach walks. The community is known for its friendly and laid-back vibe, with a range of local amenities such as cafes, shops, and parks that cater to daily needs and leisure. Additionally, Chelsea boasts reputable schools and various children's facilities, making it an attractive choice for families. The sense of community is palpable, with numerous local events and a welcoming atmosphere that brings together individuals from diverse backgrounds. The blend of coastal charm and city convenience makes Chelsea an attractive place to call home.

Chelsea Real Estate Market Outlook

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

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.

Instant Property Valuation

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Public Transport

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General Points of Interest

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Nearby Suburbs

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