If you compare the increase in value of investment property in Cheltenham, 3192 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was 0.48%.
Cheltenham,3192 has offered an average of 0.48% return per annum in house price rises to property investors over the last three years.
The most recent median price for Cheltenham is $1055000, with sellers offering an average of -5.61% off the asking price.
Often selling an investment property can take time, and in Cheltenham the average time real estate has been on the market is 50 days.
Cheltenham is 420th on a list of best yielding suburbs for rents in VIC with a 2.70% return
VIC has seen average median house prices change by 6.03% which means that Cheltenham, 3192 has done well for property investors by showing a capital gain of 2.96% over the last year
Taking the average capital gain, or increase in median house value, Cheltenham,3192 has racked up an average of 2.96% over the period. This ranks it number 486th in the whole country for real estate investors looking at median house price increases.
The most recent median price for Cheltenham is $586896, with sellers offering an average of -4.34% off the asking price.
Using the current median advertised rental of $400 and the average annual increase in value of a median property of 4.91%, investors should hope to achieve an overall return of 3.54%