Cheltenham VIC 3192

Here you can find what you need to know about Cheltenham, VIC, including house prices in the area, median values, annual growth, recent sale prices, maps, a suburb profile and much more.

Suburb Insights
for Houses in last 12 months

At a Glance

$1m Median Sale Price (National Average $485k) 134th In VIC
7.78% Median Price Change (1 yr) (National Average 4.30%) 203rd In VIC
$560pw Median Rent (National Average $395) 110th In VIC
2.8% Median Gross Yield (National Average 4.24%) 472nd In VIC
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Properties sold 218
Average discounting -7.72%
Average Days on Market 77
Stock on Market 26 for sale

Investment Strategy Scores

See how this property rates against different investment strategies. Learn more

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How we calculate the suburb Cash Flow Score

The suburb Cash Flow Score is simply the average of all the individual Cash Flow Scores for each property in that suburb.

A higher score indicates the suburb is more likely to contain properties that deliver an above average gross yield.

Cheltenham, VIC National
Median
Gross Yield

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Capital Growth Score

The suburb Capital Growth Score is simply the average of all the individual Capital Growth Scores for each property in that suburb.

A higher score indicates the suburb has recently experienced significant capital growth and the short term outlook for further growth is likely to be good given strong market health indicators.

Cheltenham, VIC National
Change in Median
Price (1 yr)
Average Days
on Market
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Lower Risk Score

The suburb Lower Risk Score is simply the average of all the individual Lower Risk Scores for each property in that suburb.

A higher score indicates the suburb has increased in value over a longer period so is less likely to only be due to recent market forces. It is also likely to contain properties that command higher rent than average and therefore attract higher income tenants. Furthermore, properties in this suburb are likely to be easier to sell in the future due to strong market health indicators.

Cheltenham, VIC National
Average Days
on Market
Change in Median Price
(5 yr)
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.

Development Permits for Houses

Building permits are provided for council approved development applications. Where the available permits contain the type of development, date of submission, the date of approval, estimated build cost, estimated development area, builder and materials listed.

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Property Prices in Cheltenham


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Latest Auction Results for Cheltenham as at 02 August 2020

Property Details
Sale Price
2Bed / 2Bath / 2Car / House
$710,000
4Bed / 2Bath / 2Car / House
-
4Bed / 3Bath / 2Car / Unit
-
2Bed / 1Bath / 1Car / House
$615,000
3Bed / 2Bath / 2Car / House
$1,085,000
3Bed / 2Bath / 2Car / House
-

State Auction Clearance Rates - August 2020

Auctions Clearance rate
VIC 311 59%
ACT 50 80%
NSW 520 68%
NT 1 100%
QLD 128 56%
SA 33 76%
TAS 1 0%
WA 10 20%

Local Schools


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Suburb Information

Cheltenham, VIC 3192

Part of: Bayside Council No data available

The size of Cheltenham is approximately 10.6 square kilometres. It has 13 parks covering nearly 5.3% of total area. The population of Cheltenham in 2011 was 20,291 people. By 2016 the population was 22,311 showing a population growth of 10.0% in the area during that time. The predominant age group in Cheltenham is 40-49 years. Households in Cheltenham are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Cheltenham work in a professional occupation. In 2011, 73.6% of the homes in Cheltenham were owner-occupied compared with 71% in 2016. (source: Australian Bureau of Statistics)

View all properties for sale in Cheltenham

Demographic data provided
by Australian Bureau of Statistics


Market Trends for Cheltenham   for Houses in last 12 months


There have been 218 Houses sold in Cheltenham in the past 12 months with a median sale price of $1.1M, up 25.1% annually. It takes on average 43 days to sell with vendor discounting of -0.08%.

Streets in Cheltenham


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Carrum Downs VIC, 3201 -2.68% $545,000 $390pw 3.7% View Suburb Profile
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