Real Estate Cheltenham Vic 3192

Cheltenham (Vic.): Historical, picturesque, family-friendly, leafy.

Housing Market in Cheltenham (Vic.)

Key Cheltenham (Vic.) Metrics & Forecast to 2028

Sources: Property Listings, VIC RENTALS and Microburbs, 2000 - 2023

Field	Value	VS Melbourne	Trend
Capital Growth Forecast: Houses	Premium	Premium	Premium
Capital Growth Forecast: Houses (2-Year Outlook)	Premium	Premium	Premium
Median yield for houses	Premium	Premium	Premium
Smart median rent: All houses	$823	Top 11%	87% to Mar 2025
Smart median sale price: All houses	Premium	Premium	Premium

Housing Supply in Cheltenham (Vic.)

Cheltenham (Vic.) Real Estate Investor Report

Sample Graphic

The higher the supply score the more supply is on the market, both current and future.
Sources: ABS, GEOSPATIAL, Property Listings, PLANNING ALERTS, BASIX and Microburbs, 2002 - 2023

Cheltenham (Vic.)

31.5%

Melbourne

28.8%

Compare
Suburbs

Field	Value	VS Melbourne	Trend
Development applications	180	Top 15%	53% to Jun 2025
Developments	0.7	Bottom 30%	Data for Jul 2023
Housing Stock Quality Indicator	87.8	Top 3%	Data for May 2023
Total new residential buildings value (SA2)	Premium	Premium	Premium
Days on market: houses	Premium	Premium	Premium
Days on market: units	Premium	Premium	Premium
New Dwellings	8	Top 48%	33% to Dec 2020
Number of Subdivisions	4 lots	Bottom 48%	20% to Aug 2023
Volume of houses sold in the last 30 days	Premium	Premium	Premium
Volume of units sold in the last 30 days	Premium	Premium	Premium
Stock on Market	83	Top 1%	2666% to Mar 2025

Housing Stock Quality in Cheltenham (Vic.)

The higher the score, the higher the quality of the houses and units.
Sources: ABS, GEOSPATIAL, Property Listings, BASIX and Microburbs, 2006 - 2023

Field	Value	VS Melbourne	Trend
Houses	58.7%	Bottom 5%	21% to Jan 2021
Average bedrooms - all homes	2.4	Bottom 42%	5% to Jan 2021
NBN connection: fibreoptic cable to node	7.4%	Top 16%	Data for Jun 2023

Development Restrictions in Cheltenham (Vic.)

Cheltenham (Vic.) Zoning Map

Sample Graphic

The higher the score, the more easily density can be increased.
Sources: GEOSPATIAL, TORREN, ABS and Microburbs, 2011 - 2023

Cheltenham (Vic.)

35.6%

Melbourne

36.9%

Compare
Suburbs

Field	Value	VS Melbourne	Trend
Total area	11.0 sq km	Top 45%	41% to Jan 2021
Heritage overlay total area	0.5 sq km	Top 17%	Data for Jun 2023
Residential density	334 sqm per resident	Bottom 13%	1% to Jan 2021

Risk in Cheltenham (Vic.)

Cheltenham (Vic.) Risk Report

Sample Graphic

The higher the score, the more exposed households are to financial stress.
Sources: ABS, Property Listings, TORREN and Microburbs, 2006 - 2023

Cheltenham (Vic.)

63.9%

Melbourne

60.4%

Compare
Suburbs

Field	Value	VS Melbourne	Trend
% Owner Occupied	78.5%	Bottom 14%	0% to May 2023
% Rentals	21.5%	Top 14%	1% to May 2023
Housing Affordability Index	54	Top 10%	Data for Jun 2023
Median monthly mortgage	$2,240	Top 33%	12% to May 2023
Rent Affordability Index (Houses)	76	Bottom 35%	Data for Jun 2023
Rent Affordability Index (Units)	72	Bottom 29%	Data for Jun 2023
Mortgage as a percent of income	26.4%	Top 28%	8% to Jan 2021
Mortgaged Dwellings	42.0%	Top 40%	12% to May 2023

Housing Demand in Cheltenham (Vic.)

The higher the score, the more demand their is for housing in the area, both current and future.
Sources: ABS, TORREN, Property Listings and Microburbs, 1975 - 2030

Cheltenham (Vic.)

87.0%

Melbourne

82.9%

Compare
Suburbs

Field	Value	VS Melbourne	Trend
Net internal migration (LGA)	Premium	Premium	Premium
Net overseas migration (LGA)	Premium	Premium	Premium
Historical Population (SA3)	127000	Top 17%	28% to Dec 2023
Historical population growth	Premium	Premium	Premium
Population (LGA)	164000	Top 8%	23% to Dec 2023
Auction clearance rate	Premium	Premium	Premium
Proportion of distressed listings	Premium	Premium	Premium
Vacancy rate	Premium	Premium	Premium

Unit Market in Cheltenham (Vic.)

Cheltenham (Vic.) Unit Investor Report

Sample Graphic

Sources: Property Listings, VIC RENTALS and Microburbs, 2000 - 2023

Field	Value	VS Melbourne	Trend
Median yield for units	Premium	Premium	Premium
Smart median rent: All units	$567	Top 27%	198% to Mar 2025
Smart median sale price: All units	Premium	Premium	Premium
Unit to house ratio	59.4%	Bottom 24%	45% to Mar 2025

Businesses (100)

Name	Address
Exco Construct	7/150 Chesterville Rd, Cheltenham VIC 3192, Australia
Brave Developments PTY Ltd.	Factory 10, Lot 15b/56 Keys Rd, Cheltenham VIC 3192, Australia
Behegan Carpentry Solutions	43 Jean St, Cheltenham VIC 3192, Australia
Frank (Victoria) Pty Ltd	43/148 Chesterville Rd, Cheltenham VIC 3192, Australia
Castle Carpentry and Cladding	12 Bricker St, Cheltenham VIC 3192, Australia

Planning Applications: Dwellings (62)

Headline	Place	Date
The construction of a double storey dwelling in the Special Building Overlay - Kingston City Council KP-2024/245/A	1282 Nepean Highway, Cheltenham, VIC	14 Mar 2025
Develop the land for the construction of seven (7) three (3) storey townhouses within the Special Building Overlay and a reduction in car parking - Kingston City Council KP-2025/83	19 Elman Road, Cheltenham, VIC	07 Mar 2025
Develop the land for the construction of two (2) dwellings - Kingston City Council KP-2025/52	282 Warrigal Road, Cheltenham, VIC	17 Feb 2025
Develop the land for the construction of three (3) dwellings and removal of an easement. - Kingston City Council KP-2025/45	8 Courtney Street, Cheltenham, VIC	13 Feb 2025
The construction of three (3) double storey dwellings - Kingston City Council KP-2023/122/B	16 Keamy Avenue, Cheltenham, VIC	06 Feb 2025

Planning Applications: Other (28)

Headline	Place	Date
The use and development of the land for a display home centre and display of business identification signage. - Kingston City Council KP-2023/278/A	1355 Nepean Highway, Cheltenham, VIC	26 Feb 2025
To use land to sell or consume liquor (on-premises liquor license) - Kingston City Council KP-2024/234/A	1239-1241 Nepean Highway, Cheltenham, VIC	31 Jan 2025
Proposed Garage / Tools Storage including Modifications to Existing 1.80m Max. High Front Fence - Kingston City Council KP-2025/20	4 Tatura Street, Cheltenham, VIC	29 Jan 2025
To use the land for Industry (luxury car sales) - Kingston City Council KP-2024/631	228 Centre Dandenong Road, Cheltenham, VIC	22 Nov 2024
Applying for a planning permit to obtain a packaged liquor licence as requested by VCGLR on behalf of East West Marketplace, an Asian supermarket, which located in Shop 1122/8 WESTFIELD SOUTHLAND, 1239 Nepean Hwy, Cheltenham VIC 3192 - Kingston City Council KP-2024/609	1239-1241 Nepean Highway, Cheltenham, VIC	14 Nov 2024

Planning Applications: Industrial (10)

Headline	Place	Date
Proposing to build a raised storage area within a warehouse located in an industrial zone. - Kingston City Council KP-2025/28	12 417-419 Warrigal Road, Cheltenham, VIC	29 Jan 2025
To use the land for a warehouse and function room, and associated buildings and works. Removal of Easement - Kingston City Council KP-2024/678	505 Warrigal Road, Moorabbin, VIC	20 Dec 2024
Warehouse - Alts/Adds to Building & Use To extend the storage area - Bayside City Council (Victoria) 181/2024	2 Hamlet Street Cheltenham VIC 3192	03 Sep 2024
Warehouse - Alts/Adds to Building & Use installing a mezzanine to warehouse space - Bayside City Council (Victoria) 275/2024	Unit 15 109 Tulip Street Cheltenham VIC 3192	17 Jul 2024
Development of the land for warehouses and to subdivide the land into nine (9) lots - Kingston City Council KP-2022/580/A	22 Christensen Street, Cheltenham, VIC	29 Jun 2024

Recently Sold Houses (100)

Address	Price	Bedrooms	Bathrooms	Garage spaces	Date sold	Sale Type
25 Voltri St	Price Withheld	4.0	3.0	3.0	25 Mar 2025	On Market
8 Monterey Dr	Price Withheld	4.0	2.0	2.0	23 Mar 2025	On Market
41 Elliott St	$1,760,000	4.0	2.0	2.0	22 Mar 2025	On Market
4 Pembroke Cr	$1,172,000	3.0	1.0	1.0	22 Mar 2025	On Market
6 Tulip Gr	Price Withheld	3.0	2.0	2.0	22 Mar 2025	On Market

LGA Details (1)

Headline	Place	Datetime
Local government area	Kingston (Vic.)

Median Unit Sale Prices by Street (100)

Date	Median sale value	Street
10 May 2024	$675,000	Park Rd
10 May 2024	$810,000	Keith St
10 May 2024	$802,500	Latrobe St
10 May 2024	$450,000	Nepean Hwy
10 May 2024	$610,000	Munro Ave

Turnover Rate by Street (100)

Turnover rate	Street	Turnover Label	Turnover Years	Year
66.0%	Heather Gr	quite tightly held	Every 15.2 years (quite tightly held)	2025
66.7%	Dendy Ct	quite tightly held	Every 15.0 years (quite tightly held)	2025
75.0%	Chatsworth Cl	average turnover	Every 13.3 years (average turnover)	2025
62.3%	Charles St	quite tightly held	Every 16.0 years (quite tightly held)	2025
58.8%	Devon St	quite tightly held	Every 17.0 years (quite tightly held)	2025

Median House Rental Prices by Street (77)

Level_0	Street	Date	Median rent (per week)
109271	Farm Rd	30 Mar 2025	$695
109312	Gillman St	30 Mar 2025	$750
109303	Garfield St	30 Mar 2025	$635
109299	Friendship Sq	30 Mar 2025	$780
109214	Devon St	30 Mar 2025	$950

Percent of Renters by Street (100)

Percent of Renters	Street
25.0%	Abbington Ave
0.4%	Alden Ct
0.0%	Alice St
25.0%	Age St
0.0%	Albenca St

Median House Sale Prices by Street (100)

Street	Date	Median sale value
Wingrove St	10 May 2024	$1,024,000
Woodland Dr	10 May 2024	$916,100
Wilson St	10 May 2024	$1,002,000
Weymar St	10 May 2024	$1,058,000
Weatherall Rd	10 May 2024	$1,535,000

Recent Rental Unit Listings (100)

Address	Rent (per week)	Bedrooms	Bathrooms	Garage spaces	Date
Unit 4, 34 Gillman St	$570	2.0	1.0	1.0	28 Mar 2025
Unit 4, 34 Gillman St	$570	2.0	1.0	1.0	28 Mar 2025
42c Jean St	$550	2.0	1.0	1.0	27 Mar 2025
42c Jean St	$550	2.0	1.0	1.0	27 Mar 2025
42c Jean St	$550	2.0	1.0	1.0	27 Mar 2025

Recent Rental House Listings (100)

Address	Rent (per week)	Bedrooms	Bathrooms	Garage spaces	Date
1 Kristine Ct	$720	3	1	1	27 Mar 2025
1 Kristine Ct	$720	3	1	1	27 Mar 2025
1 Kristine Ct	$720	3	1	1	27 Mar 2025
19 Cobham St	$930	4	2	2	26 Mar 2025
19 Cobham St	$930	4	2	2	26 Mar 2025

Recently Sold Units (100)

Address	Price	Bedrooms	Bathrooms	Garage spaces	Date sold	Sale Type
Unit G6, 19 Hall St	$607,000	2.0	2.0	1.0	25 Mar 2025	On Market
Unit G6, 19 Hall St	$607,000	2.0	2.0	1.0	25 Mar 2025	On Market
Unit 523, 8 Railway Rd	$490,000	2.0	1.0	1.0	25 Mar 2025	On Market
Unit 523, 8 Railway Rd	$490,000	2.0	1.0	1.0	25 Mar 2025	On Market
Unit 523, 8 Railway Rd	$490,000	2.0	1.0	1.0	25 Mar 2025	On Market