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City of Kingston
Chelsea

Chelsea Property Market
& Suburb Profile

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MEDIAN PRICES IN CHELSEA

Median house price

(all agencies, last 12 months)$1.1m*

House price change

(all agencies, last 12 months)+2.68%

Median unit price

(all agencies, last 12 months)$733k*

Unit price change

(all agencies, last 12 months)+4.64%

(Median House Price and Median Unit Price is calculated based on sales of properties with all numbers of bedrooms)

CHELSEA PRICE TRACKER

HousesUnits

CHELSEA SALES OVERVIEW

  • Sold by Auction 55%
  • Sold by Private Sale or Other Method 45%
  • (Based on Sales Reported in the Last 12 Months)

Average days on market (houses)

(all agencies, 12 months)26

Average days on market (units)

(all agencies, 12 months)26

Auction clearance rate in Chelsea

(all agencies, last 12 months)66%

Average held period in Chelsea

(proptrack)12 years

CHELSEA INVESTOR STATISTICS

Median rental price for Houses

(all agencies, last 12 months)$708pw

House rental price change

(all agencies, last 12 months)0.03%

Median rental price for Units

(all agencies, last 12 months)$568pw

Unit rental price change

(all agencies, last 12 months)0.05%

Average rental yield for Houses

(all agencies, last 12 months)3.35%

Average rental yield for Units

(all agencies, last 12 months)4.12%

Chelsea total population size

(as at the last census)8,347

Median household size in Chelsea

(as at the last census)2.2

(Median House Price and Median Unit Price is calculated based on leased properties with all numbers of bedrooms)

CHELSEA PROPERTY TYPES

  • Houses 26%
  • Units 40%
  • Other 34%

OCCUPANCY IN CHELSEA

  • Owned 65%
  • Rented 32%
  • Other/Not Stated 3%
  • Singles 36%
  • Families 61%
  • Other 3%

CURIOUS TO KNOW WHAT YOUR PROPERTY IS WORTH TODAY?

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ABOUT CHELSEA

Chelsea is a charming and historic bayside suburb located on the shores of Port Phillip Bay, approximately 30 kilometres southeast of the Melbourne CBD.

Originally developed as a popular seaside resort in the late 19th century, Chelsea has evolved into a thriving residential community that perfectly balances a relaxed coastal vibe with modern suburban convenience. The suburb is renowned for its stunning stretches of sandy beach and its vibrant foreshore, which serves as a major drawcard for families, retirees, and water sports enthusiasts alike.

The lifestyle in Chelsea is centered around the outdoors and the local "village" atmosphere along the Nepean Highway. This bustling shopping strip features an array of trendy cafes, artisanal bakeries, and boutique stores, creating a lively social hub where residents often gather for brunch or evening dining. Recreation is a cornerstone of daily life, with the Chelsea Beach and Foreshore Reserve providing picturesque settings for walking, picnics, and activities like kayaking and fishing. The suburb is also highly pet-friendly, notably featuring a popular off-leash dog beach.

Education is well-supported within the 3196 postcode, anchored by Chelsea Primary School and St Joseph's Catholic Primary School, both of which have deep roots in the local community. Families also benefit from proximity to various kindergartens and secondary options in neighboring suburbs.

Connectivity is a standout feature, particularly following the completion of the Level Crossing Removal Project, which saw the opening of a brand-new, modern Chelsea Railway Station. This station provides frequent services on the Frankston line, offering a direct rail link to the city, while the extension of Thames Promenade to the Nepean Highway has significantly improved local road flow and access to major arterials like the Mornington Peninsula Freeway.

From a property perspective, Chelsea is a high-demand market characterized by its unique mix of heritage beach cottages, modern architectural residences, and contemporary townhouse developments. The suburb maintains a strong sense of stability, with a high proportion of owner-occupiers and long-term residents who value the area's coastal charm and community pride.

As gentrification continues to revitalise older pockets of the suburb, Chelsea remains a premier choice for those seeking a permanent "holiday" lifestyle within reach of Melbourne's metropolitan benefits.

Education

Chelsea Primary School
St Joseph's School
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SALES COMPARISON

Find out how Chelsea median sales prices compare to neighbouring suburbs.

CHELSEA MARKET INSIGHTS

YearProperties SoldMedian Sale Price
(All Residential)
Sales Growth YoYProperties LeasedMedian Rental Price
(All Residential)
Rental Yield
20260-no change0$0pw%
2025239$892,5002.68%238$638pw3.74%
2024214$865,5006.49%240$608pw3.78%
2023180$838,375-7.44%229$565pw3.42%
2022218$887,5003.47%273$513pw3.25%
YearSoldMedian Sale Price
(All Residential)
Sales Growth YoY
20260-no change
2025239$892,500+2.68%
2024214$865,500+6.49%
2023180$838,375-7.44%
2022218$887,500+3.47%

YearLeasedMedian Rental Price
(All Residential)
Rental Yield
20260$0pw%
2025238$638pw3.74%
2024240$608pw3.78%
2023229$565pw3.42%
2022273$513pw3.25%

PROUDLY SERVICING Chelsea

Barry Plant
Chelsea

394-395 Nepean Highway
View on Google Maps

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NEWS & INSIGHTS

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*The State of Victoria owns the copyright in the property sales data and reproduction of that data in any way without the consent of the State of Victoria will constitute a breach of the Copyright Act 1968 (Cth).The State of Victoria does not warrant the accuracy or completeness of the licensed material and any person using or relying upon such information does so on the basis that the State of Victoria accepts no responsibility or liability whatsoever for any errors, faults, defects or omissions in the information supplied.

This information is supplied by Barry Plant Group Pty Ltd (ABN 96 088 069 952) on behalf of PropTrack Pty Ltd (ABN 43 127 386 298).

The 12 month data in this report is from 31 December 2024 to 31 December 2025, last updated 31 December 2025.