If you compare the increase in value of investment property in Cheltenham, 3192 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 18.03%.
Across a shorter period, Cheltenham, 3192 has seen a median price increase of 4.85% over the last quarter.
Property buyers and investors in Cheltenham 3192 should be seeing an average reduction in asking price of around -3.11% . This means that Cheltenham is holding prices well when compared to other suburbs in VIC.
Using the current median advertised rental of $530 and the average annual increase in value of a median property of 8.37%, investors should hope to achieve an overall return of 2.55%
VIC has seen average median house prices change by 6.52% which means that Cheltenham, 3192 has done well for property investors by showing a capital gain of 12.63% over the last year
Across a shorter period, Cheltenham, 3192 has seen a median price increase of 1.40% over the last quarter.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.58% offered to property buyers. Sellers in Cheltenham itself are offering an average vendor discount of -4.37% to real estate investors.
With the median price for a house in Cheltenham being $587500 and the advertised rent reaching $382.5 the gross rental yield for property investors calculates out to be 3.39%