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 |
|---|---|---|---|---|---|---|---|
| 36A Wallingford St, Cheltenham | 2 |  | Townhouse | Auction Sale | 17/07/2026 | Area Specialist Keysborough | View |
| 55/310 Warrigal Rd, Cheltenham | 2 |  | Unit | Auction Sale | 17/07/2026 | Jellis Craig Mentone & Chelsea | |
| 2/295 Bay Rd, Cheltenham | 2 |  | Townhouse | Private Sale | 2/07/2026 | Buxton | |
| 3A Alden Ct, Cheltenham | 4 |  | Townhouse | Private Sale | 23/06/2026 | Hodges | View |
| 25 Pallisades Blvd, Cheltenham | 3 |  | House | Passed in at Auction | 17/07/2026 | Buxton | |
| 6/125 Park Rd, Cheltenham | 2 | | Unit | Sold Before Auction | 13/07/2026 | Jellis Craig Mentone & Chelsea |
Sales data
Median sale price
$1.2mil
Quarterly price change
-4.8%
Metro Melbourne Comparison
$953k
-3.1%
| Bedrooms | Cheltenham | Metro comparison |
|---|---|---|
| 2 | - | $950,000 |
| 3 | $1,230,000 | $872,000 |
| 4 | $1,395,000 | $990,000 |
| Insight | Cheltenham | Metro comparison |
|---|---|---|
| Clearance rate | 79.2% | 68.8% |
| Days on market | 36.5 | 42 |
Rental data
Median weekly rent
$770
Rental yield
3%
Metro Melbourne Comparison
$580
3.1%
| Bedrooms | Cheltenham | Metro comparison |
|---|---|---|
| 2 | - | $600 |
| 3 | $750 | $560 |
| 4 | $850 | $600 |
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