Powered by MOMENTUM MEDIA
smart property investment logo
Cheltenham
AREA REPORTS

Cheltenham

Cheltenham - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3192

house
unit

Property investments in CHELTENHAM fare well against the rest of the country last year, registering a median home price increase of 18.6%.

Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains CHELTENHAM, 3192 saw average growth in the long term.

Real estate investors could earn a rental income of $570 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 43.9 days.

Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $1,275,000.

CHELTENHAM ranks 429th on the list of best yielding suburbs for rental properties in VIC, posting a 2.32% return.

Data report can be found below

Cheltenham
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,275,000 $697,500
GROWTH REPORT
Median Quarterly 2.86% -0.21%
Median 12 month 18.6% 10.71%
Median 3 years 28.79% 30.37%
Median 5 years 36.36% 34.46%
10 years average annual 8.07% 5.06%
Weekly media advert. rent $570 $425
Time on Market 43.9 days 61.1 days
Gross Rental Yield Percent 2.32% 3.17%
demographics (median values)*
Total Population
22291
Weekly Household Income
1502
Household Size
2.50
Age
40
Monthly Loan Repayment
2000
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
select a category
Age group
Top 10 Birth Countries
Dwelling Structures
Education
Household Income
Labour Force
Marital Status
Occupation
Religious Affiliation
Tenure Type

Get the latest news & updates

Join a community of over 100,000 property investors.

Check this box to receive podcast updates

Related Articles


Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.