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Chelsea Mentone Region

House sales in the Chelsea Mentone region are performing more strongly Melbourne with house prices demonstrating a fall of -6.5% over the past 12 months. This compares to Melbourne where house prices have fallen by -4.8% for the same period.

There have been 2,177 sales over the past 12 months, which is 41 more than for the same period last year.

Listing levels are also lower than last year with 2,480 currently for sale in comparison to 2,664 previously.

The most expensive suburb to buy a house in the Chelsea Mentone region is Parkdale with a median sales price of $1,100,000, while the most affordable suburb for housing is Seaford where the median price is $630,000.

The time it takes to sell is about the same as Melbourne generally with houses selling in 44 days compared with 42 days for Melbourne as a whole.

MICRO-SUBURBS
Median (# Sales)
HousesUnits
1$752,000
(291)
$570,000
(357)
2$887,500
(304)
$590,000
(97)
3$670,000
(355)
$552,000
(81)
4$819,000
(268)
$550,000
(556)
5$883,750
(186)
$593,500
(320)
6$1,010,000
(189)
$624,000
(455)
7$978,750
(60)
$637,000
(56)
8$827,000
(251)
$590,500
(386)
9$1,260,050
(120)
$648,500
(99)
10$1,510,000
(121)
$650,000
(258)
11$730,000
(216)
$605,000
(97)
12$870,000
(359)
$660,000
(169)
13$1,075,000
(193)
$680,000
(170)
14$850,000
(191)
$501,627
(228)
15$1,325,000
(200)
$712,000
(487)
16$945,000
(53)
$672,250
(34)
17$1,650,500
(44)
$517,250
(162)
18$623,000
(237)
$462,000
(104)
19$894,000
(80)
$572,100
(51)
20$1,090,000
(88)
$575,000
(276)
21$1,762,500
(38)
$630,000
(49)
22$750,000
(94)
$445,750
(120)
23NANA

Median Sales

House
Unit
$930,000

Aug 2018
(12 months)

$870,000

Aug 2019
(12 months)

$630,000

Aug 2018
(12 months)

$615,000

Aug 2019
(12 months)

 HouseMedian Sales Price Change inHouseMedian Sales Price

Number of Sales

981
Aug 2018
(12 months)
1,045
Aug 2019
(12 months)

6.5%

MOVEMENT


1,155
Aug 2018
(12 months)
1,132
Aug 2019
(12 months)

-2%

MOVEMENT

Number of Listings

 House Listings Unit Listings
1,175
1,287
45
Days on Market

Rentals

Rental Yield

3.1%

Median Asking Rent

$506
per week

Percentage Rented

HOUSES & UNITS
28%

Rental Yield

3.6%

Median Asking Rent

$414
per week

Definitions and Disclaimers

Sales metrics are for the period 1 Sep 18 - Aug 19 unless otherwise stated. For listings, 1 Nov 18 - Oct 19.

The CoreLogic Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While CoreLogic uses commercially reasonable efforts to ensure the CoreLogic Data is current, CoreLogic does not warrant the accuracy, currency or completeness of the CoreLogic Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the CoreLogic Data.

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 Property Sales Data 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.