Suburb Profile Report for Cheltenham VIC (3192)

Cheltenham House: Median price $915,000, Annual capital growth 8.74%, Number of sales 271, Weekly median advertised rent $480

Cheltenham Unit: Median price $528,000, Annual capital growth 6.37%, Number of sales 194, Weekly median advertised rent $368

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

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 16.41%.

While Cheltenham,3192 ranked number 255th in VIC for increase in median house value (annualised) increase, it is ranked 86th over the last 5 years.

Property investors looking for a bargain in Cheltenham should be aiming for at least -3.61% off the asking price, which is the average vendor discount being achieved at the moment.

Cheltenham, 3192’s gross rental yield is 2.73%

If you compare the increase in value of investment property in Cheltenham, 3192 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was -0.41%.

Across a shorter period, Cheltenham, 3192 has seen a median price increase of 1.38% over the last quarter.

Property investors looking for a bargain in Cheltenham should be aiming for at least -4.99% off the asking price, which is the average vendor discount being achieved at the moment.

At number 531 in a list of fastest selling suburbs, Cheltenham is in the TOP 40% of suburbs in Australia with an average of days on market 66.61 for properties listed there.

Renters in Suburb are facing rents around $4410 per annum or $367.5 every week.

HOUSE UNIT
$915,000 $528,000
2.81% 1.38%
16.41% -0.41%
8.74% 6.37%
$480 $368
271 194
2.73% 3.62%
49.59 66.61

Source: CoreLogic

DSR Score for property investment : Very good (U), Good (H)
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Demographics
Total population 20291
Median household income ($/weekly) 1234
Median age of persons 40
Median housing loan repayment ($/monthly) 1950
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 2178 10.7
    25-34 years 2575 12.7
    35-44 years 3180 15.7
    45-54 years 2685 13.2
    55-64 years 2189 10.8
    Others 7486 36.9
    Age Group
    Census Count Percent(%)
    Registered Married 7792 50.6
    Not Married 6458 41.9
    Defacto Relationship 1154 7.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 13981 72.4
    Hong Kong 453 2.3
    Indonesia 394 2.0
    United Kingdom 1092 5.7
    Other 893 4.6
    Others 2504 13.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 271 1.5
    Christianity 12206 66.2
    Hinduism 312 1.7
    Islam 319 1.7
    No Religion 4929 26.7
    Others 407 2.2
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 821 11.5
    $600-$799 629 8.8
    $1,500-$1,999 885 12.4
    $2,000-$2,499 644 9.0
    $2,500-$2,999 674 9.4
    Others 3491 48.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 6120 38.3
    Not in the labour force 5769 36.1
    Employed, worked part-time 3108 19.4
    Employed, away from work 566 3.5
    Unemployed, looking for work 436 2.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 1259 12.8
    Professionals 2503 25.5
    Technicians & trades workers 1312 13.4
    Clerical & administrative workers 1630 16.6
    Sales 1035 10.6
    Others 2060 21.0
    Occupation
    Census Count Percent(%)
    Pre-school 379 8.8
    Infants/Primary 1454 33.7
    Secondary 1116 25.9
    Technical or Further Educational Institution 409 9.5
    University or other Tertiary Institutions 799 18.5
    Others 154 3.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 14566 76.6
    Flat, unit or apartment 2317 12.2
    Semi-detached, row or terrace house, townhouse 2102 11.1
    House or flat attached to a shop, office 30 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 3108 40.5
    Being purchased 2700 35.2
    Rented 1803 23.5
    Other tenure type 69 0.9
    Tenure Type
Census 2011, ABS
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Recent sales & rentals