Suburb Profile Report for Cheltenham VIC (3192)

Cheltenham House: Median price $895,000, Annual capital growth 8.98%, Number of sales 255, Weekly median advertised rent $470

Cheltenham Unit: Median price $525,000, Annual capital growth 6.30%, Number of sales 220, Weekly median advertised rent $360

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 402th in the list of Australian suburbs ordered by increase in median house value over the last year, Cheltenham, 3192 is in the top 10% with a property value increase of 16.23% recorded in median house prices.

Over the longer term, Cheltenham has seen property prices show investors a 45.53% return over the last 3 years. This is worse than over the last 12 months

Cheltenham3192 is located in VIC which offers an average discount of -6.04% to property investors. Cheltenham itself is showing figures that indicate -4.11% is the average achievable by property buyers investing in the suburb.

Cheltenham is 475th on a list of best yielding suburbs for rents in VIC with a 2.73% return

Over the last year, property investments in Cheltenham, 3192 have given investors a capital gain of 1.45%. This compares badly with the 3.63% for VIC as a whole.

When looking at the potential capital gains offered to property investors over the last 3 years, Cheltenham comes in at number 81th in VIC.

At number 105th of VIC’s most discounted properties, Cheltenham is in the bottom 40% of the state/territory when listing in order of most discounted to least.

The VIC suburb of Cheltenham, 3192 is in the Kingston local government area.

HOUSE UNIT
$895,000 $525,000
1.38% -1.96%
16.23% 1.45%
8.98% 6.30%
$470 $360
255 220
2.73% 3.57%
55.86 70.25

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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