The suburb’s capital gain of 3.35% for the past year is lower than average compared to its 19.2% growth within a five-year period.
Also in CHELTENHAM, the median home price is sitting at $447,000, and the average rent at $365, this suggests property owners could potentially earn a 4.25% increase in gross rental yield.
Property investors have seen a -0.67% drop in CHELTENHAM based on a decrease 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 5.05% growth over a ten-year period. It ranks 1566th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||3.35%||N/A|
|Median 3 years||1.94%||N/A|
|Median 5 years||19.2%||N/A|
|10 years average annual||5.05%||N/A|
|Weekly media advert. rent||$365||N/A|
|Time on Market||79.7 days||N/A|
|Gross Rental Yield Percent||4.25%||N/A|