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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

Belle Property APARTMENT 202, 93 CAVANAGH ST, CHELTENHAM, VIC, 3192 Beds2 Bathrooms1 Parking 1 $420,000 - $450,000 Private Sale
Belle Property UNIT 1, 1317A NEPEAN HWY, CHELTENHAM, VIC, 3192 Beds2 Bathrooms2 Parking 3 UNDER CONTRACT
Buxton UNIT 1, 50 HERALD ST, CHELTENHAM, VIC, 3192 Beds3 Bathrooms1 Parking 1 $770,000 - $800,000
Buxton 24 KARDINIAN AV, CHELTENHAM, VIC, 3192 Beds3 Bathrooms1 Parking 2 $1,000,000 - $1,100,000
Buxton UNIT 2, 145 PARK RD, CHELTENHAM, VIC, 3192 Beds2 Bathrooms1 Parking 1 $680,000-$720,000
Buxton 45B TULIP GR, CHELTENHAM, VIC, 3192 Beds3 Bathrooms2 Parking 2 $1,250,000 - $1,290,000
Buxton UNIT 1, 125 PARK RD, CHELTENHAM, VIC, 3192 Beds2 Bathrooms1 Parking 2 $690,000-$750,000
Buxton 9A TOMAR CT, CHELTENHAM, VIC, 3192 Beds2 Bathrooms1 Parking 2 $820,000
Buxton 22A PYINGERRA CR, CHELTENHAM, VIC, 3192 Beds4 Bathrooms3 Parking 2 $1,729,000
Buxton UNIT 501, 1228 NEPEAN HWY, CHELTENHAM, VIC, 3192 Beds1 Bathrooms1 Parking 1 $360,000 - $395,000
Buxton UNIT 304, 9 CHESTERVILLE RD, CHELTENHAM, VIC, 3192 Beds2 Bathrooms1 Parking 1 $360,000 - $390,000 (Private Sale)
Buxton 76 CHESTERVILLE RD, CHELTENHAM, VIC, 3192 Beds11 Bathrooms10 Parking 7 $3,200,000
Ray White UNIT 5, 26 CAMELIA GR, CHELTENHAM, VIC, 3192 Beds2 Bathrooms1 Parking 2 550000
Ray White 6 CORAL CT, CHELTENHAM, VIC, 3192 Beds3 Bathrooms1 Parking 2 955000
Ray White 193 WARRIGAL RD, CHELTENHAM, VIC, 3192 Beds2 Bathrooms1 Parking 1 695000
Ray White 8 FARM RD, CHELTENHAM, VIC, 3192 Beds4 Bathrooms2 Parking 2 1500000
Ray White 129 CENTRE DANDENONG RD, CHELTENHAM, VIC, 3192 Beds4 Bathrooms3 Parking 2 1450000
Ray White 6A JANICE AV, CHELTENHAM, VIC, 3192 Beds3 Bathrooms2 Parking 2 850000
Ray White UNIT 2, 273 WARRIGAL RD, CHELTENHAM, VIC, 3192 Beds3 Bathrooms2 Parking 1 890000
Ray White 85A CENTRE DANDENONG RD, CHELTENHAM, VIC, 3192 Beds2 Bathrooms1 Parking 2 700000
Ray White 15 LORNA ST, CHELTENHAM, VIC, 3192 Beds4 Bathrooms2 Parking 2 1250000
Ray White 6 AXELTON ST, CHELTENHAM, VIC, 3192 Beds4 Bathrooms2 Parking 1 1510000
Ray White 35 EDWARD ST, CHELTENHAM, VIC, 3192 Beds3 Bathrooms2 Parking 2 1050000
Ray White 16 PRIMROSE AV, CHELTENHAM, VIC, 3192 Beds3 Bathrooms2 Parking 2 800000
Ray White UNIT 315, 1228 NEPEAN HWY, CHELTENHAM, VIC, 3192 Beds2 Bathrooms2 Parking 1 450000
Ray White UNIT 319, 8 RAILWAY RD, CHELTENHAM, VIC, 3192 Beds2 Bathrooms1 Parking 1 440000
Ray White UNIT 310, 6 RAILWAY RD, CHELTENHAM, VIC, 3192 Beds2 Bathrooms2 Parking 1 475000
Ray White UNIT 301, 15 MAUDE ST, CHELTENHAM, VIC, 3192 Beds3 Bathrooms2 Parking 2 690000
Ray White UNIT 6, 9 ARGUS ST, CHELTENHAM, VIC, 3192 Beds2 Bathrooms1 Parking 1 650000
Ray White UNIT 7, 19 HALL ST, CHELTENHAM, VIC, 3192 Beds2 Bathrooms2 Parking 1 500000
Ray White 119 WILSON ST, CHELTENHAM, VIC, 3192 Beds3 Bathrooms2 Parking 1 840000
Ray White 16 GARFIELD ST, CHELTENHAM, VIC, 3192 Beds0 Bathrooms0 Parking 0 1000000
Ray White TOWNHOUSE 2, 7 TULIP GR, CHELTENHAM, VIC, 3192 Beds3 Bathrooms2 Parking 2 1000000
Ray White UNIT 2, 52 TULIP GR, CHELTENHAM, VIC, 3192 Beds2 Bathrooms1 Parking 1 700000
Ray White 49 STUART AV, CHELTENHAM, VIC, 3192 Beds4 Bathrooms2 Parking 2 1600000
Ray White UNIT 2, 24 STUART AV, CHELTENHAM, VIC, 3192 Beds3 Bathrooms1 Parking 1 980000
Ray White 42 AMBROSE AV, CHELTENHAM, VIC, 3192 Beds3 Bathrooms3 Parking 2 950000

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

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Nearby Suburbs

MentoneHighettMoorabbinBeaumarisHeathertonBlack RockParkdaleHampton EastMoorabbin AirportSandringham

Public Transport


General Points of Interest

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