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 17.41%.
Over the longer term, Cheltenham has seen property prices show investors a 46.90% return over the last 3 years. This is worse than over the last 12 months
Our latest figures would indicate that property sellers in Cheltenham are currently offering property investors an average price cut of -2.81% below the asking price at the moment.
Cheltenham is 470th on a list of best yielding suburbs for rents in VIC with a 2.69% return
Cheltenham has had a pretty average year for property investment returns compared to the rest of VIC, giving investors a capital gain of 2.09% to date .
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.
Cheltenham, 3192 is offering VIC ‘s 227th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this VIC.
With the median price for a house in Cheltenham being $550000 and the advertised rent reaching $365 the gross rental yield for property investors calculates out to be 3.45%