The suburb’s capital gain of 4.93% for the past year is higher than average compared to its 20.67% growth within a five-year period.
Also in CHELTENHAM, the median home price is sitting at $452,500, and the average rent at $365, this suggests property owners could potentially earn a 4.19% increase in gross rental yield.
Property investors have seen a 1% gain in CHELTENHAM based on an increase in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 4.32% growth over a ten-year period. It ranks 1882nd on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||4.93%||N/A|
|Median 3 years||-5.73%||N/A|
|Median 5 years||20.67%||N/A|
|10 years average annual||4.32%||N/A|
|Weekly media advert. rent||$365||N/A|
|Time on Market||48.7 days||N/A|
|Gross Rental Yield Percent||4.19%||N/A|