Suburb Profile Report for Cheltenham VIC (3192)

Cheltenham House: Median price $976,000, Annual capital growth 8.88%, Number of sales 284, Weekly median advertised rent $495

Cheltenham Unit: Median price $550,000, Annual capital growth 6.10%, Number of sales 179, Weekly median advertised rent $373

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Cheltenham have tracked higher than the VIC average of 8.96% over the last 12 months.

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.

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 -2.07% is being offered, which puts this VIC suburb at 3708th most discounted overall in Australia.

In the last year 284 properties changed hands in Cheltenham, which puts it as the 65th most active market in VIC when comparing the number of sales per suburb.

Cheltenham, 3192 ranked 193th in VIC when comparing growth in median property values or capital gain over the last 12 months. Cheltenham is one of 2098 in our list for VIC

If we look at median property appreciation over just the last three months, Cheltenham has given property investors a paper return of 2.80%. This puts Suburb as 101 on a list of fastest fasting appreciating suburbs in VIC

LACK OF BUYER INTEREST may well be the reason that Cheltenham is offering property investors an average of -5.07. This rate of discount on properties puts Suburb at number 183th in terms of most discounted suburbs in VIC

Using the current median advertised rental of $372.5 and the average annual increase in value of a median property of 6.10%, investors should hope to achieve an overall return of 3.52%

Metrics i HOUSE UNIT
$976,000 $550,000
3.50% 2.80%
16.89% 3.77%
8.88% 6.10%
$495 $373
284 179
2.64% 3.52%
38.23 68.52

Source: CoreLogic

DSR Score for property investment : Very good (H), Good (U)
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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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