5/1A The Strand

Chelsea VIC 3196

The size of Chelsea is approximately 2.6 square kilometres. It has 6 parks covering nearly 13.8% of total area. The population of Chelsea in 2011 was 7,222 people. By 2016 the population was 7,779 showing a population growth of 7.7% in the area during that time. The predominant age group in Chelsea is 30-39 years. Households in Chelsea are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Chelsea work in a professional occupation. In 2011, 62.1% of the homes in Chelsea were owner-occupied compared with 63.2% in 2016.

Chelsea has 4,974 properties. Over the last 5 years, Houses in Chelsea have seen a 25.59% increase in median value, while Units have seen a 20.17% increase. As at 30 September 2024:

• The median value for Houses in Chelsea is $1,073,563 while the median value for Units is $705,098.
• Houses have a median rent of $620 while Units have a median rent of $530.