Cheltenham is a large suburb in Victoria within the Kingston (Vic.) local government area (postcode 3192). With a population of 23,992, the suburb has an established demographic with a median age of 40. Households earn a median income of $100K per year, with an average household size of 2.4 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Cheltenham is $1.3 million, having dipped slightly 0.2% over the past year. Units have a median price of $705,000 (+6.8% YoY). The current median weekly rent is $550. This gives a gross rental yield of approximately 2.1%. The median monthly mortgage repayment is $2,200.
Cheltenham is served by 6 schools, including 5 primary, 1 secondary. The average ICSEA score is 1092, which is above the national average of 1,000. Public transport access includes 10 rail stations, 120 bus stops. Healthcare facilities include 1 private hospital. The crime rate in the Kingston (Vic.) LGA is moderate at 7,320 incidents per 100,000 population.
From an investment perspective, Cheltenham offers a gross rental yield of 2.1%, rated as low yield. Property prices are above the state median ($1.3M/$875K), placing it in the premium segment. The price-to-income ratio of 13.4x is considered stretched. House prices have moved -0.2% year-on-year.
Cheltenham is a large suburb in Victoria within the Kingston (Vic.) local government area (postcode 3192). With a population of 23,992, the suburb has an established demographic with a median age of 40. Households earn a median income of $100K per year, with an average household size of 2.4 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Cheltenham is $1.3 million, having dipped slightly 0.2% over the past year. Units have a median price of $705,000 (+6.8% YoY). The current median weekly rent is $550. This gives a gross rental yield of approximately 2.1%. The median monthly mortgage repayment is $2,200.
Cheltenham is served by 6 schools, including 5 primary, 1 secondary. The average ICSEA score is 1092, which is above the national average of 1,000. Public transport access includes 10 rail stations, 120 bus stops. Healthcare facilities include 1 private hospital. The crime rate in the Kingston (Vic.) LGA is moderate at 7,320 incidents per 100,000 population.
From an investment perspective, Cheltenham offers a gross rental yield of 2.1%, rated as low yield. Property prices are above the state median ($1.3M/$875K), placing it in the premium segment. The price-to-income ratio of 13.4x is considered stretched. House prices have moved -0.2% year-on-year.