Suburb Profile Report for Cheltenham VIC (3192)

Cheltenham House: Median price $1,080,000, Annual capital growth 8.37%, Number of sales 250, Weekly median advertised rent $530

Cheltenham Unit: Median price $587,500, Annual capital growth 5.94%, Number of sales 220, Weekly median advertised rent $383

  • 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 18.03%.

Across a shorter period, Cheltenham, 3192 has seen a median price increase of 4.85% over the last quarter.

Property buyers and investors in Cheltenham 3192 should be seeing an average reduction in asking price of around -3.11% . This means that Cheltenham is holding prices well when compared to other suburbs in VIC.

Using the current median advertised rental of $530 and the average annual increase in value of a median property of 8.37%, investors should hope to achieve an overall return of 2.55%

VIC has seen average median house prices change by 6.52% which means that Cheltenham, 3192 has done well for property investors by showing a capital gain of 12.63% over the last year

Across a shorter period, Cheltenham, 3192 has seen a median price increase of 1.40% over the last quarter.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.58% offered to property buyers. Sellers in Cheltenham itself are offering an average vendor discount of -4.37% to real estate investors.

With the median price for a house in Cheltenham being $587500 and the advertised rent reaching $382.5 the gross rental yield for property investors calculates out to be 3.39%

Metrics i HOUSE UNIT
$1,080,000 $587,500
4.85% 1.40%
18.03% 12.63%
8.37% 5.94%
$530 $383
250 220
2.55% 3.39%
37.61 60.65

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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