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Cheltenham Suburb Insights
VICLocation Information
Suburb Name
Cheltenham, VIC
Distance from CBD
5.9 kmDemographics
Population
2,243
Median Income
$48,152
Area Information
Area
1.65 km²
Population Density
1359 people/km²
Property Market
Median Price
$1,110,034
Annual Growth
+9.6%Property Price Trend Analysis
Current Median Price
$1,110,034
Annual Growth
+9.6%
Quarterly Growth
+1.8%
Price Trends - Last 6 Months
2024-01
$618,269
+6.9%2024-02
$716,919
+11.5%2024-03
$848,287
+12.9%2024-04
$842,820
+6.5%2024-05
$698,805
+12.3%2024-06
$494,121
+8.4%Property Type Price Analysis
House
Median Price
$1,669,694
Growth Rate
+14.2%Available Listings
479 properties
Apartment
Median Price
$610,176
Growth Rate
+10.4%Available Listings
466 properties
Townhouse
Median Price
$574,720
Growth Rate
+16.7%Available Listings
293 properties
Investment Potential Assessment
Investment Advantages
- Annual growth exceeds 8% - excellent performance
- Diverse property types available
Considerations
- Rising prices may affect affordability
- Monitor interest rate changes
- Consider long-term investment strategy