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 |
|---|---|---|---|---|---|---|---|
| 3 Beverley St, Cheltenham | 4 |  | House | Auction Sale | 15/08/2025 | Buxton | |
| 4/69-79 Cavanagh St, Cheltenham | 2 |  | Apartment | Auction Sale | 15/08/2025 | Ray White Cheltenham | View |
| 67 Centre Dandenong Rd, Cheltenham | 4 |  | House | Auction Sale | 15/08/2025 | Buxton | View |
| 20B Correa Av, Cheltenham | 4 |  | House | Passed in Vendor Bid | 15/08/2025 | Hodges | |
| 3 Correa Av, Cheltenham | 3 |  | House | Auction Sale | 15/08/2025 | Hodges | |
| 12 Mulberry Av, Cheltenham | 3 |  | Townhouse | Auction Sale | 15/08/2025 | Ray White Mount Waverley | View |
| 2A Stuart Av, Cheltenham | 4 |  | House | Passed in at Auction | 15/08/2025 | Hodges | |
| 17/1-6 Chaprowe Ct, Cheltenham | 2 |  | Unit | Sold Before Auction | 30/07/2025 | Jellis Craig Mentone & Chelsea | |
| 25 Gilford Gr, Cheltenham | 3 |  | House | Sold Before Auction | 24/07/2025 | Buxton | |
| 40 Ambrose Av, Cheltenham | 3 | | Townhouse | Auction Sale | 15/08/2025 | Gary Peer & Associates | View |
| 11 Bendigo St, Cheltenham | 3 | | House | Sold Before Auction | 12/08/2025 | Jellis Craig Mentone & Chelsea | |
| 9 Ikara Ct, Cheltenham | 4 | | House | Sold Before Auction | 30/07/2025 | Buxton |
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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