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Chelsea Mentone Region

House sales in the Chelsea Mentone region are on par with Melbourne with house prices demonstrating growth of 6.5% over the past 12 months. This compares to Melbourne where house prices have fallen by -2.4% for the same period.

There have been 119 sales over the past 12 months, which is 37 fewer than for the same period last year.

Listing levels are also lower than last year with 2,185 currently for sale in comparison to 2,287 previously.

The most expensive suburb to buy a house in the Chelsea Mentone region is Parkdale with a median sales price of $1,175,000, while the most affordable suburb for housing is Seaford where the median price is $672,500.

The time it takes to sell is about the same as Melbourne generally with houses selling in 31 days compared with 40 days for Melbourne as a whole.

MICRO-SUBURBS
Median (# Sales)
HousesUnits
1$750,000
(217)
$575,000
(366)
2NANA
3$673,000
(344)
$572,500
(94)
4NANA
5NANA
6NANA
7NANA
8NANA
9NANA
10NANA
11NANA
12NANA
13NANA
14$700,000
(5)
$358,000
(1)
15$1,350,000
(14)
$772,500
(55)
16NANA
17NANA
18NANA
19NANA
20NANA
21NANA
22NANA
23NANA

Median Sales

House
Unit
$750,000

Jun 2019
(12 months)

$798,625

Jun 2020
(12 months)

$615,500

Jun 2019
(12 months)

$630,000

Jun 2020
(12 months)

 HouseMedian Sales Price Change inHouseMedian Sales Price

Number of Sales

85
Jun 2019
(12 months)
58
Jun 2020
(12 months)

-31.8%

MOVEMENT


71
Jun 2019
(12 months)
61
Jun 2020
(12 months)

-14.1%

MOVEMENT

Number of Listings

 House Listings Unit Listings
959
1,226
33
Days on Market

Rentals

Rental Yield

2.8%

Median Asking Rent

$507
per week

Percentage Rented

HOUSES & UNITS
28%

Rental Yield

3.2%

Median Asking Rent

$403
per week

Definitions and Disclaimers

Sales metrics are for the period 1 Jul 19 - Jun 20 unless otherwise stated. For listings, 1 Sep 19 - Aug 20.

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.