Investment property in Cheltenham has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -13.69%
A 33.81% growth in median value for property investors in Cheltenham,3192 puts this suburb at number 502th in terms of best performing suburbs in VIC
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Cheltenham, 3192. Typically our figures indicate that -7.65% is being offered, which puts this VIC suburb at 1090th most discounted overall in Australia.
Cheltenham is 434th on a list of best yielding suburbs for rents in VIC with a 3.13% return
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 -9.60%.
Taking the average capital gain, or increase in median house value, Cheltenham,3192 has racked up an average of -9.60% over the period. This ranks it number 602th in the whole country for real estate investors looking at median house price increases.
Vendor discounting in Cheltenham is giving property investors an average Vendor Discount of around -8.17%. This puts suburb at number 33th in VIC when ranking the most discounted suburbs.
Often selling an investment property can take time, and in Cheltenham the average time real estate has been on the market is 83.3659 days.
Cheltenham, 3192’s gross rental yield is 4.14%