Market snapshot
Suburb insights for Cheltenham3192
Change suburbCheltenham 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
| Address | Bedrooms | Price | Type | Method | Sale Date | Agent | Listing |
|---|---|---|---|---|---|---|---|
| 40B Silver St, Cheltenham | 4 |  | Townhouse | Auction Sale | 11/07/2025 | Ray White Cheltenham | View |
| 7/23 Barker St, Cheltenham | 2 |  | Unit | Sold Before Auction | 25/06/2025 | Nick Johnstone |
Sales data
Median sale price
$1.3mil
Quarterly price change
3.7%
Metro Melbourne Comparison
$924k
0.4%
| Bedrooms | Cheltenham | Metro comparison |
|---|---|---|
| 2 | $1,050,000 | $890,000 |
| 3 | $1,157,500 | $815,000 |
| 4 | $1,447,500 | $950,000 |
| Insight | Cheltenham | Metro comparison |
|---|---|---|
| Clearance rate | 90.1% | 79.5% |
| Days on market | 44 | 39 |
Rental data
Median weekly rent
$730
Rental yield
3.1%
Metro Melbourne Comparison
$580
3.3%
| Bedrooms | Cheltenham | Metro comparison |
|---|---|---|
| 2 | - | $580 |
| 3 | $700 | $550 |
| 4 | $865 | $600 |
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