Market snapshot

Suburb insights for Cheltenham3192

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Cheltenham is located 19 km south-east of the CBD. Cheltenham is a major residential commercial and industrial centre in Melbourne's south. The commercial focus of the suburb is based at Southland Shopping Centre and around the Cheltenham railway station although the suburb is also noteworthy for being the location of Moorabbin Airport and nearby Direct Factory Outlets shopping centre. Cheltenham also features a number of golf courses including the Victoria Cheltenham and parts of the Sandringham Municipal and the Royal Melbourne Golf Clubs.

Recent sales and auction results in Cheltenham

AddressBedroomsPriceTypeMethodSale DateAgentListing
15 Elliott St, Cheltenham3PriceHouse (Res)Auction Sale20/07/2024Ray White CheltenhamView
6 Freda Av, Cheltenham4PriceHouse (Res)Auction Sale20/07/2024HodgesView
4 Goulburn St, Cheltenham3PriceHouse (Res)Auction Sale20/07/2024Lewin Real EstateView
910/6 Railway Rd, Cheltenham3PriceApartmentAuction Sale20/07/2024Ray White CheltenhamView
4 Lavender Av, Cheltenham3PriceTownhouse (Res)Sold Before Auction16/07/2024Ray White CheltenhamView

Sales data

Median sale price
$1.3mil
Quarterly price change
-4%
Metro Melbourne Comparison
$912k
-1.5%
BedroomsCheltenhamMetro comparison
2-$902,500
3$1,180,000$810,000
4$1,395,000$955,000
InsightCheltenhamMetro comparison
Clearance rate76.6%73.8%
Days on market3642

Rental data

Median weekly rent
$690
Rental yield
2.8%
Metro Melbourne Comparison
$560
3.2%
BedroomsCheltenhamMetro comparison
2-$550
3$680$540
4$800$580
Median data for the current quarter
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