VIC has seen average median house prices change by 8.23% which means that Cheltenham, 3192 has done well for property investors by showing a capital gain of 19.41% over the last year
When looking at the potential capital gains offered to property investors over the last 3 years, Cheltenham comes in at number 87th in VIC.
LACK OF BUYER INTEREST may well be the reason that Cheltenham is offering property investors an average of -5.99. This rate of discount on properties puts Suburb at number 449th in terms of most discounted suburbs in VIC
At number 595 in a list of fastest selling suburbs, Cheltenham is in the TOP 20% of suburbs in Australia with an average of days on market 50.34 for properties listed there.
Cheltenham is 480th on a list of best yielding suburbs for rents in VIC with a 2.76% return
Cheltenham has had a pretty good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 10.41% to date .
Comparing Cheltenham,3192 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Our latest figures would indicate that property sellers in Cheltenham are currently offering property investors an average price cut of -5.80% below the asking price at the moment.
Situated 17.73km from the CBD, Cheltenham is one of Kingston localities in the postcode 3192.