Market snapshot
Suburb insights for Cheltenham3192
Change suburbCheltenham, approximately 17 km southeast of the CBD, is a major activity centre anchored by Cheltenham train station and the Southland Shopping Centre. It offers a mix of residential streets, modern apartments and multicultural dining along Centre Dandenong Road. The area is well-served by trams, buses and cycling paths, and hosts several quality schools and recreational spaces. Its blend of lifestyle and convenience draws families, young professionals and retirees.
Recent sales and auction results in Cheltenham
| Address | Bedrooms | Price | Type | Method | Sale Date | Agent | Listing |
|---|---|---|---|---|---|---|---|
| 2/11 Argus St, Cheltenham | 2 |  | Unit | Auction Sale | 19/12/2025 | Lewin Real Estate | View |
| 187 Warrigal Rd, Cheltenham | 4 |  | House | Auction Sale | 15/12/2025 | Ray White - The Bayside Group | View |
| 214/11-19 Hall St, Cheltenham | 2 | | Apartment | Sold Before Auction | 13/12/2025 | Gary Peer & Associates | View |
Sales data
Median sale price
$1.3mil
Quarterly price change
5.7%
Metro Melbourne Comparison
$955k
2.7%
| Bedrooms | Cheltenham | Metro comparison |
|---|---|---|
| 2 | $1,057,500 | $910,000 |
| 3 | $1,176,944 | $830,000 |
| 4 | $1,500,000 | $951,500 |
| Insight | Cheltenham | Metro comparison |
|---|---|---|
| Clearance rate | 87.6% | 81.4% |
| Days on market | 44 | 36 |
Rental data
Median weekly rent
$750
Rental yield
3%
Metro Melbourne Comparison
$580
3.3%
| Bedrooms | Cheltenham | Metro comparison |
|---|---|---|
| 2 | - | $580 |
| 3 | $720 | $550 |
| 4 | $888 | $600 |
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