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
2/25 Booker St, Cheltenham3PriceUnitPassed in at Auction12/06/2026Ray White - The Bayside Group
11 Davie Av, Cheltenham5PriceHouseAuction Sale12/06/2026Ray White - The Bayside GroupView
1/39 Regent Pde, Cheltenham2PriceHouseAuction Sale12/06/2026Ray White - The Bayside GroupView
2/94 Devon St, Cheltenham3PriceTownhousePrivate Sale27/05/2026HodgesView
7 Booker St, Cheltenham4PriceHouseAuction Sale12/06/2026Lewis RealtyView
27 Mernda Av, Cheltenham4PriceHouseAuction Sale12/06/2026HodgesView
6 Regent Pde, Cheltenham5PriceHouseAuction Sale12/06/2026Jellis Craig Mentone & Chelsea

Sales data

Median sale price
$1.3mil
Quarterly price change
-1.9%
Metro Melbourne Comparison
$992k
1.9%
BedroomsCheltenhamMetro comparison
2-$950,000
3$1,230,000$863,000
4$1,412,000$980,500
InsightCheltenhamMetro comparison
Clearance rate77%74.9%
Days on market3737

Rental data

Median weekly rent
$760
Rental yield
3%
Metro Melbourne Comparison
$580
3.1%
BedroomsCheltenhamMetro comparison
2-$595
3$725$550
4$855$595
Median data for the current quarter
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