If you compare the increase in value of investment property in Cheltenham, 3192 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 15.86%.
Comparing Cheltenham,3192 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Vendor discounting in Cheltenham is giving property investors an average Vendor Discount of around -2.47%. This puts suburb at number 576th in VIC when ranking the most discounted suburbs.
Investment property in Cheltenham has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 10.85%
If we look at median property appreciation over just the last three months, Cheltenham has given property investors a paper return of 5.48%. This puts Suburb as 52 on a list of fastest fasting appreciating suburbs in VIC
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Cheltenham, 3192. Typically our figures indicate that -5.01% is being offered, which puts this VIC suburb at 708th most discounted overall in Australia.
With the median price for a house in Cheltenham being $587500 and the advertised rent reaching $377.5 the gross rental yield for property investors calculates out to be 3.34%