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Cheltenham
VIC, 3192 - Kingston (Vic.)

Thinking about buying in Cheltenham? Now could not be a better time, with 17303 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,282,000 with prices in this suburb ranging from $145,000 to $23,675,000. Cheltenham is located fairly close to the coast at just 1Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Household Makeup

Median Weekly Rent $465.30
Median Monthly Mortgage $2326.88
Median Persons Per Bedroom 0.83
Average Household Size 2.59
Average Age 41.55
Average Income $952.05
Average Cars Per Dwelling 1.66
Average Properties Within 50M 64

Housing Stock

Average Property Prices

1 Bed  $698,000
2 Bed  $923,000
3 Bed  $1,539,000
4 Bed  $1,892,000
5 Bed  $2,411,000
6 Bed+$1,920,000

Cheltenham Real Estate Market Outlook

Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. High average incomes in Cheltenham ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in Cheltenham classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in Cheltenham requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.

Cheltenham is a rapidly developing suburb of Melbourne, Victoria. With a population of over 22,000 people, Cheltenham began as 625 acres of land purchased at auction in 1852. The name comes from a hotel, the Cheltenham Inn, built in 1854 and named for the hometown of its proprietor. A post office opened in 1857, with Cheltenham Railway station opening subsequently in 1881. A rapid residential growth spurt began after the Second World War, which carried on into the 1980s. a large shopping centre was constructed in the 1960s and remains in operation to this day; there is also a large industrial area along the eastern edge of the municipality.

Found just 18km from the centre of Victoria, Cheltenham has seen much promising development of late, being noted as undergoing gentrification and economic development. With a number of excellent facilities ranging from places of worship and education to sports facilities and parks, as well as connections by car, bus and train to central Melbourne, Cheltenham is a suburb full of history, character and opportunity.

Houses for sale Cheltenham

Ray White 76 ALBENCA ST, CHELTENHAM, VIC, 3192 Beds5 Bathrooms3 Parking 3 1625000
Ray White 23 JUDD PDE, CHELTENHAM, VIC, 3192 Beds3 Bathrooms2 Parking 2 1100000
Ray White 52 JELLS RD, CHELTENHAM, VIC, 3192 Beds5 Bathrooms2 Parking 2 1520000
Ray White 81 DEVON ST, CHELTENHAM, VIC, 3192 Beds3 Bathrooms2 Parking 3 1000000
Ray White 3 OAK AV, CHELTENHAM, VIC, 3192 Beds3 Bathrooms2 Parking 2 1300000
Ray White UNIT 1, 41 WALLINGFORD ST, CHELTENHAM, VIC, 3192 Beds3 Bathrooms2 Parking 1 980000
Ray White 84 CENTRE DANDENONG RD, CHELTENHAM, VIC, 3192 Beds3 Bathrooms1 Parking 3 1000000
Ray White UNIT 2, 39 SUNRAY AV, CHELTENHAM, VIC, 3192 Beds4 Bathrooms2 Parking 2 1450000
Ray White UNIT 415, 1228 NEPEAN HWY, CHELTENHAM, VIC, 3192 Beds2 Bathrooms2 Parking 1 470000
Ray White 21 CRAWFORD ST, CHELTENHAM, VIC, 3192 Beds2 Bathrooms1 Parking 2 1200000
Ray White 18 CHURCHILL AV, CHELTENHAM, VIC, 3192 Beds4 Bathrooms2 Parking 3 1900000
Ray White UNIT 6, 8 GARFIELD ST, CHELTENHAM, VIC, 3192 Beds2 Bathrooms2 Parking 1 720000
Ray White UNIT 8, 109 WEATHERALL RD, CHELTENHAM, VIC, 3192 Beds1 Bathrooms1 Parking 0 390000
Ray White 12A ERSKINE AV, CHELTENHAM, VIC, 3192 Beds4 Bathrooms3 Parking 2 1450000
Ray White 2 STUART AV, CHELTENHAM, VIC, 3192 Beds4 Bathrooms3 Parking 1 1100000
Ray White 325A BAY RD, CHELTENHAM, VIC, 3192 Beds4 Bathrooms3 Parking 2 1100000

Local Schools

Cheltenham East Primary School

Cheltenham Primary School

Kingston Heath Primary School

Le Page Primary School

Cheltenham Secondary College

Our Lady of the Assumption School

Beaumaris North Primary School

Mentone Park Primary School

Black Rock Primary School

Bayside Special Developmental School

(While the above schools are located with the suburb of Cheltenham there may also be nearby schools whose catchments cover this suburb)

Local Crime Rate

Incidents Trend State Average

We are currently collecting information for this location.

Cheltenham weather - Average Local Climate by month

(mm)
RAIN
Min (°C)
TEMP
Max (°C)
TEMP
Min (%)
HUMIDITY
Max (%)
HUMIDITY
(m/sec)
WIND
(MJ/sq m)
SOLAR
Jan1.515.026.942.886.14.925.0
Feb1.715.126.445.087.04.721.1
Mar1.414.024.247.387.94.516.3
Apr2.111.120.75191.33.911.8
May1.89.017.257.190.84.28.5
Jun1.86.714.663.893.53.97.3
Jul1.76.814.360.590.84.87.5
Aug1.87.314.956.390.25.010.2
Sept1.98.717.650.589.45.014.6
Oct2.09.820.448.289.94.719.6
Nov2.511.822.347.088.74.822.8
Dec2.213.524.744.187.24.825.7

source: Australian Government Bureau of Meteorology


Internet Speed

Download 25 Mbps / Upload 5 Mbps

Nearby Suburbs

MentoneHighettMoorabbinBeaumarisHeathertonBlack RockParkdaleHampton EastMoorabbin AirportSandringham

Public Transport


General Points of Interest

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