Atlaso rates Cheltenham units as HOLD. Average growth outlook. Vacancy is extremely tight at 0.57%, well below the 2.5% equilibrium, but conviction is not high enough for a BUY rating. Better units options may be available in Melbourne.
At $870K, Cheltenham ranks #136 of 206 units in Melbourne. The long-term structural outlook is Weak. Prices grew 20.6% over the past year, showing strong momentum.
OPPORTUNITY ENGINE
Structural opportunity remains selective at this price level.
5 stronger-positioned units identified in Melbourne.
Shifting to BuyersEarly signs of easing. Monitor for entry.
+1.2%
Asking Prices (3mo)
+10.9%
Rents (12mo)
0.4%
Vacancy ↓
56%
Fresh Stock (<30d)
Unit Asking Prices (12 months)
$723K
Unit Weekly Rents (12 months)
$622/wk
Vacancy Rate (24 months)
--- 1.5% tight--- 3.0% loose
Listing Age (12 months)
Fresh (<30d)30-60d60-90d90-180d180d+
Data for postcode 3192.
Momentum Health
Elevated risk
67% stall probability
Cheltenham has been running at 20.6% growth but multiple stall indicators are present. Vacancy may be loosening, yield is compressing, or the suburb has caught up to city pricing. Consider taking partial profits.
STALL RISK67%
Suburb Profile
Cheltenham at a Glance
SEIFA Index
9/10
Most advantaged
Household Income
$1,921/wk
Median household
Median Age
40
Years
Mortgage Stress
26%
of income
Population Growth
+2.3%
vs state +2.2%
Ownership Mix
30.4%owned39.1%mortgage27.7%renting
Demographic Trends
Cheltenham Over Time
Median Household Income (Census)
Population Growth Rate (Census)
Dwelling Composition (Census)
Rental Yield History
Census data: ABS. Yield series: weekly market data.
Full Cheltenham Analysis
Access the full structural analysis, fair value estimate, bedroom-level pricing, and supply intelligence.
3-Year Structural OutlookStrong
Conviction LevelHigh
Fair Value GapX.X% undervalued
3-Bed House Price$X,XXX,XXX
Gross YieldX.X%
Weekly Rent$XXX
SEIFA DecileX/10
Building ApprovalsXX dwellings
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Atlaso rates Cheltenham as HOLD confidence for capital growth. In our out-of-sample testing, 90% of our STRONG BUY suburbs grew more than 8% annually. Our model analyses price trends, volume, demographics, and market conditions across Cheltenham and 46 Australian cities to generate this rating.
What is the median house price in Cheltenham?
The current median house price in Cheltenham, vic is $870K, with annual growth of +3.0%. Properties sell in approximately 26 days.
How fast do properties sell in Cheltenham?
Properties in Cheltenham sell in 26 days on average. The market is currently rated Weak. This is in line with the broader market.
What is the growth outlook for Cheltenham?
Atlaso's model analyses 23 structural signals including price history, volume trends, yields, and vacancy to rate Cheltenham's growth potential. The model predicts whether a suburb is likely to outperform, not by how much. Our ratings have been validated across 46 Australian cities, with 90% of top-rated suburbs growing more than 8% a year.
What is the rental yield in Cheltenham?
The gross rental yield for houses in Cheltenham is 4.3%. This is above the national average, making it attractive for yield-focused investors.
Important: Atlaso provides general research information only and does not constitute personal financial advice, property advice, or a recommendation to buy, sell, or hold any property. Suburb scores, growth ratings, rental yield estimates, and market signals are based on quantitative models using historical data. They are not guarantees of future performance. Property values can fall as well as rise. You should seek independent licensed financial and property advice before making any investment decision. Atlaso Pty Ltd (ABN 84 696 036 469) is not a licensed financial adviser and does not hold an Australian Financial Services Licence (AFSL).