Suburb

Market snapshot

Suburb insights for Cheltenham3192

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Cheltenham, 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

AddressBedroomsPriceTypeMethodSale DateAgentListing
53 Bernard St, Cheltenham2PriceHouseAuction Sale13/03/2026Ray White - The Bayside GroupView
7 Booker St, Cheltenham4PriceHousePassed in Vendor Bid13/03/2026Lewin Real EstateView
33/310 Warrigal Rd, Cheltenham2PriceUnitAuction Sale13/03/2026Buxton
326 Warrigal Rd, Cheltenham3PriceHousePassed in at Auction13/03/2026Ray White - The Bayside GroupView
2/76 Chesterville Rd, Cheltenham3PriceApartmentPrivate Sale27/02/2026BuxtonView
88A Bernard St, Cheltenham4PriceTownhouseAuction Sale13/03/2026Jellis Craig Mentone & Chelsea
13 Bernard St, Cheltenham3PriceHouseSold Before Auction11/03/2026Buxton

Sales data

Median sale price
$1.3mil
Quarterly price change
-1.7%
Metro Melbourne Comparison
$974k
1.8%
BedroomsCheltenhamMetro comparison
2-$940,000
3$1,200,000$851,000
4$1,423,750$970,000
InsightCheltenhamMetro comparison
Clearance rate89%77.8%
Days on market3836

Rental data

Median weekly rent
$790
Rental yield
3.2%
Metro Melbourne Comparison
$580
3.2%
BedroomsCheltenhamMetro comparison
2-$585
3$725$550
4$875$600
Median data for the current quarter
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