With a capital gain of 5.46% for the last 12 months, Cheltenham, 2119 has performed for property investments than its average annual 8.48% property growth over the last 5 years.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Cheltenham has increased when compared to the 5 year average annual rate.
Property investors looking for a bargain in Cheltenham should be aiming for at least -6.38% off the asking price, which is the average vendor discount being achieved at the moment.
Often selling an investment property can take time, and in Cheltenham the average time real estate has been on the market is 59.9 days.
With the median price for a house in Cheltenham being $1747500 and the advertised rent reaching $712.5 the gross rental yield for property investors calculates out to be 2.12%