Property value increases in Cheltenham have tracked just lower than the VIC average of 11.95% over the last 12 months.
While Cheltenham,3192 ranked number 584th in VIC for increase in median house value (annualised) increase, it is ranked 525th over the last 5 years.
Sellers are offering property buyers an average discount of -6.16% to buyers in Cheltenham at the moment, which is less than average for the rest of VIC.
With the median price for a house in Cheltenham being $1092500 and the advertised rent reaching $570 the gross rental yield for property investors calculates out to be 2.71%
Investment property in Cheltenham has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 12.03%
The five-year average increase in median property values for Cheltenham,3192 has given property investors a potential capital gain of 32.22% across each of those five years.
Cheltenham3192 is located in VIC which offers an average discount of -4.37% to property investors. Cheltenham itself is showing figures that indicate -3.62% is the average achievable by property buyers investing in the suburb.
Often selling an investment property can take time, and in Cheltenham the average time real estate has been on the market is 68.1957 days.
Advertised rents are around the $425 mark per week – giving a return of 3.27% based on the median price in Suburb