If you compare the increase in value of investment property in Cheltenham, 5014 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this SA suburb was -9.09%.
Over the longer term, Cheltenham has seen property prices show investors a 9.07% return over the last 3 years. This is worse than over the last 12 months
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.56% offered to property buyers. Sellers in Cheltenham itself are offering an average vendor discount of -6.55% to real estate investors.
A $370 per week rent on the median house gives suburb investors a gross yield of circa 4.32%, without taking into account capital value appreciation, which has been averaging out at 3.81%.