At number 3688th in the list of Australian suburbs ordered by increase in median house value over the last year, Cheltenham, 3192 is in the BOTTOM 20% with a property value increase of -8.18% recorded in median house prices.
Taking the average capital gain, or increase in median house value, Cheltenham,3192 has racked up an average of -8.18% over the period. This ranks it number 953th in the whole country for real estate investors looking at median house price increases.
Cheltenham, 3192 is offering VIC ‘s 141th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this VIC.
Using the current median advertised rental of $540 and the average annual increase in value of a median property of 6.71%, investors should hope to achieve an overall return of 2.78%
Property investors who have had real estate in Cheltenham, 3192 should be unhappy with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -15.07%
If we look at median property appreciation over just the last three months, Cheltenham has given property investors a paper return of -5.47%. This puts Suburb as 310 on a list of fastest fasting appreciating suburbs in VIC
Sellers are offering property buyers an average discount of -5.10% to buyers in Cheltenham at the moment, which is less than average for the rest of VIC.
Renters in Suburb are facing rents around $22100 per annum or $425 every week.