Property investors who have had real estate in Cheltenham, 3192 should be pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 17.18%
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.
Cheltenham3192 is located in VIC which offers an average discount of -5.26% to property investors. Cheltenham itself is showing figures that indicate -2.92% is the average achievable by property buyers investing in the suburb.
With a capital gain of 12.98% for the last 12 months, Cheltenham, 3192 has performed for property investments than its average annual 6.85% property growth over the last 5 years.
Over the longer term, Cheltenham has seen property prices show investors a 21.13% return over the last 3 years. This is worse than over the last 12 months
Cheltenham, 3192 is offering VIC ‘s 124th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 40% of discounts offered by this VIC.
Often selling an investment property can take time, and in Cheltenham the average time real estate has been on the market is 67.38 days.
Advertised rents are around the $380 mark per week – giving a return of 3.36% based on the median price in Suburb