Suburb Profile Report for Cheltenham VIC (3192)

Cheltenham House: Median price $1,092,500, Annual capital growth 5.88%, Number of sales 195, Weekly median advertised rent $570

Cheltenham Unit: Median price $675,000, Annual capital growth 4.71%, Number of sales 214, Weekly median advertised rent $425

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

Source: Monthly data update for Jul 2021 as supplied by CoreLogic. Data is reported to the period ending Apr 2021. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Property value increases in Cheltenham have tracked just lower than the VIC average of 11.95% over the last 12 months.

While Cheltenham,3192 ranked number 584th in VIC for increase in median house value (annualised) increase, it is ranked 525th over the last 5 years.

Sellers are offering property buyers an average discount of -6.16% to buyers in Cheltenham at the moment, which is less than average for the rest of VIC.

With the median price for a house in Cheltenham being $1092500 and the advertised rent reaching $570 the gross rental yield for property investors calculates out to be 2.71%

Investment property in Cheltenham has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 12.03%

The five-year average increase in median property values for Cheltenham,3192 has given property investors a potential capital gain of 32.22% across each of those five years.

Cheltenham3192 is located in VIC which offers an average discount of -4.37% to property investors. Cheltenham itself is showing figures that indicate -3.62% is the average achievable by property buyers investing in the suburb.

Often selling an investment property can take time, and in Cheltenham the average time real estate has been on the market is 68.1957 days.

Advertised rents are around the $425 mark per week – giving a return of 3.27% based on the median price in Suburb

Metrics i HOUSE UNIT
$1,092,500 $675,000
1.63% 7.14%
6.07% 12.03%
5.88% 4.71%
$570 $425
195 214
2.71% 3.27%
49.5277777777778 68.1956521739131

Source: Monthly data update for Jul 2021 as supplied by CoreLogic. Data is reported to the period ending Apr 2021. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Above average (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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