Cheltenham

Cheltenham, VIC 3192 has a diverse population with a significant number of residents aged between 20 to 44 years. The suburb offers various commuting options including trains and motor vehicles. There is a good mix of occupations with a notable presence of professionals, managers, and technicians/tradeworkers. The ICSEA value indicates a relatively high level of educational advantage for students attending government schools. For houses in Cheltenham, the high sale price IQR ratio suggests potential for renovators. The suburb has shown consistent median growth rates over the years, indicating a stable market. With a moderate market absorption rate, there is potential for price appreciation. For units, the high yield median and low vacancy rate make it an attractive option for investors looking for steady rental income. Cheltenham, VIC 3192 presents a blend of urban amenities and a growing population, making it an attractive prospect for both home buyers and property investors. The suburb's stable market performance indicates resilience and growth potential in the long term. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022