Over the last year, property investments in Cheltenham, 3192 have given investors a capital gain of 7.78%. This compares favourably with the 5.12% for VIC as a whole.
If we look at median property appreciation over just the last three months, Cheltenham has given property investors a paper return of 2.99%. This puts Suburb as 222 on a list of fastest fasting appreciating suburbs in VIC
Property investors looking for a bargain in Cheltenham should be aiming for at least -7.72% off the asking price, which is the average vendor discount being achieved at the moment.
Residents and property investors in Cheltenham have been waiting around 76.9459 days to sell a property.
Renters in Suburb are facing rents around $29120 per annum or $560 every week.
Cheltenham has had a A very good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 18.06% to date .
The five-year average increase in median property values for Cheltenham,3192 has given property investors a potential capital gain of 29.36% across each of those five years.
Our latest figures would indicate that property sellers in Cheltenham are currently offering property investors an average price cut of -4.83% below the asking price at the moment.
In the last year 212 properties changed hands in Cheltenham, which puts it as the 22th most active market in VIC when comparing the number of sales per suburb.
Situated 18.84km from the CBD, Cheltenham is one of Kingston (C) (Vic.) localities in the postcode 3192.