Suburb Profile Report for Cheltenham VIC (3192)

Cheltenham House: Median price $930,000, Annual capital growth 6.04%, Number of sales 219, Weekly median advertised rent $560

Cheltenham Unit: Median price $540,600, Annual capital growth 4.32%, Number of sales 194, Weekly median advertised rent $430

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

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

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%

Metrics i HOUSE UNIT
$930,000 $540,600
-1.90% 4.97%
-13.69% -9.60%
6.04% 4.32%
$560 $430
219 194
3.13% 4.14%
70.6165413533835 83.3658536585366

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (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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