Cheltenham, VIC 3192 is a vibrant suburb with a population of approximately 24,000 residents. The area has a diverse demographic profile with a mix of age groups, with a strong presence of professionals, technicians and trade workers, and managers. The suburb offers good commuting options, with a significant portion of residents choosing to work from home. Education facilities in the area are of high quality, as evidenced by the ICSEA percentile value for government schools. Cheltenham presents good investment opportunities for both houses and units. The suburb has shown consistent growth in property prices over the years, with a healthy market absorption rate indicating high demand. For houses, the sale price IQR ratio suggests potential for renovators. Units offer a higher rental yield compared to houses, with a lower vacancy rate, making them an attractive option for investors seeking rental income. Cheltenham, VIC 3192 is a well-established suburb that appeals to residents and investors alike. With a range of amenities, strong rental demand, and good growth potential, the suburb offers a desirable lifestyle for homeowners and promising investment opportunities for property developers and investors. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022