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Cheltenham, VIC 3192

Home » VIC Real Estate Data » Kingston City, VIC » Cheltenham, VIC 3192

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Cheltenham, VIC 3192 located in Melbourne to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

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5BR

Rent 

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5BR

Yield 

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4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

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Yield 

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Cheltenham, VIC 3192”

  1. The total adult population (15 years or older) of Cheltenham 3192 VIC is 19,677, with a median age of 40. Of those, 47.13% are married, 12.03% are divorced or separated, 34.38% are single and 6.45% are widowed.

    The average household size is 2.4 people per dwelling, and the median household monthly income is estimated to be $10,172. The median monthly mortgage repayment for households in this suburb is $2,200 which is 21.63% of their earnings.

    Source: ABS Census Data (2021)

  2. In the heart of Victoria, the suburb of Cheltenham (postcode 3192) is home to an estimated 13,535 households. As the Q3 2023 data indicates, the typical property prices for houses in this vibrant community stand at $1,262,111. The median weekly rent is $627, translating to an indicative yield of 2.58%.

    Delving into the socio-economic landscape of Cheltenham, the IRSAD score is a promising 1063 out of 1217, which suggests that the area benefits from substantial access to economic resources, high income levels, and is populated by skilled professionals.

    Considering the renter to owner ratio, Cheltenham demonstrates a healthy balance with a rate of 27%. This factor plays a key role in the property investment landscape as a lower ratio reduces competition among landlords, enhancing the potential for long-term returns.

    A study of units to houses ratio in Cheltenham highlights a balanced 38% incidence, indicating moderate saturation of rentals. This ratio allows for a convenient blend of family-oriented residents who occupy houses and others in units, creating a diverse community atmosphere without excessive rental competition.

    The affordability index for Cheltenham houses seems somewhat steep at 49 years, suggesting that it may take a local family with a median income roughly half a century to fully own a house. This does indicate a relatively upscale real estate market with capital gains potential for savvy property investors.

    Stock on Market Percentage for Cheltenham houses is impressively low at 0.3%, indicative of a low supply in the market. Concurrently, the inventory level for houses suggests a favourable property market with a mere 1.11 months. This further cements Cheltenham as an environment where demand is high and supply low, providing lucrative opportunities for potential investors.

    Keeping track of Building Approvals, Cheltenham appears to fall well within favorable conditions with the ratio for houses at 1.49%. Furthermore, real estate in Cheltenham is evidently in high demand going by the average 25 days on market for houses. This high demand against limited supply hints at good potential for capital appreciation.

    The vacancy rate in Cheltenham (combining houses and units) is quite low at 1.23%, indicating a predominantly occupied market. Lastly, the buy search index for houses rounds out at 3, which is slightly tempered but nonetheless shows a steady interest in buying.

    All things considered, while some metrics in Cheltenham indicate a challenging market for local homebuyers, they exhibit a possibly rewarding investment landscape poised for substantial capital gains due to a predominantly favourable balance of demand, supply, and socio-economic factors. To gain a holistic insight into the property market landscape, leverage tools such as the automated HtAG Analytics RCS metric, complemented by a detailed understanding of each quantifiable factor.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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