Property value increases in Cheltenham have tracked just lower than the VIC average of 0.01% over the last 12 months.
Cheltenham,3192 has offered an average of -3.69% return per annum in house price rises to property investors over the last three years.
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.90% offered to property buyers. Sellers in Cheltenham itself are offering an average vendor discount of -7.35% to real estate investors.
Advertised rents are around the $575 mark per week – giving a return of 3.05% based on the median price in Suburb
VIC has seen average median house prices change by 3.98% which means that Cheltenham, 3192 has done well for property investors by showing a capital gain of 9.26% over the last year
When looking at the potential capital gains offered to property investors over the last 3 years, Cheltenham comes in at number 170th in VIC.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.33% offered to property buyers. Sellers in Cheltenham itself are offering an average vendor discount of -6.00% to real estate investors.
The VIC suburb of Cheltenham, 3192 is in the Kingston (C) (Vic.) local government area.