Suburb Profile Report for Cheltenham VIC (3192)

Cheltenham House: Median price $947,500, Annual capital growth 9.00%, Number of sales 277, Weekly median advertised rent $490

Cheltenham Unit: Median price $550,000, Annual capital growth 6.41%, Number of sales 181, Weekly median advertised rent $365

  • 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 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%

Metrics i HOUSE UNIT
$947,500 $550,000
4.70% 4.76%
17.41% 2.09%
9.00% 6.41%
$490 $365
277 181
2.69% 3.45%
44.38 59.42

Source: CoreLogic

DSR Score for property investment : 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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