At number 950th in the list of Australian suburbs ordered by increase in median house value over the last year, Cheltenham, 3192 is in the top 30% with a property value increase of 12.07% recorded in median house prices.
Over the longer term, Cheltenham has seen property prices show investors a 54.13% return over the last 3 years. This is worse than over the last 12 months
At number 402th of VIC’s most discounted properties, Cheltenham is in the TOP 40% of the state/territory when listing in order of most discounted to least.
Over the last year, property investments in Cheltenham, 3192 have given investors a capital gain of 9.83%. This compares averagely with the 8.22% for VIC as a whole.
While Cheltenham,3192 ranked number 305th in VIC for increase in median house value (annualised) increase, it is ranked 95th over the last 5 years.
Property investors looking for a bargain in Cheltenham should be aiming for at least -4.15% 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 59.26 days to sell a property.
Renters in Suburb are facing rents around $4740 per annum or $395 every week.