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%