Median price trend for houses
Based on 219 sales in the preceding 12 months
$1,250,000
Down 2.1% over 12 months
- 2 bed
- $950k
- 3 bed
- $1.2m
- 4 bed
- $1.35m
- 5+ bed
- $1.72m
City of Kingston municipal offices entrance
The quick read on
Cheltenham
VIC 3192 · Bayside (Vic.)
What homes cost, how rents have moved, and a feel for the people who call it home.
- Median house
- $1,250,000
- Median unit
- $723,000
- Population
- 23,992
- Postcode
- 3192
latest suburb median
latest suburb median
ABS 2021
Cheltenham, Victoria
Property market insights for Cheltenham (Vic.)
Median sale price and rental income of properties in Cheltenham (Vic.) VIC
Median rent trend for houses
Based on 184 rental listings in the preceding 12 months
$725 per week
No change over 12 months
Market data updated October 2026.
The median house price in Cheltenham (Vic.), VIC is currently $1,250,000, based on the latest 12 months of sales. Cheltenham (Vic.) has a 12-month growth rate of -2.1% for houses and -0.3% for units.
Two-bedroom houses have a median sale price of $950,000, Three-bedroom houses have a median sale price of $1,200,000, Four-bedroom houses have a median sale price of $1,350,000, Larger houses have a median sale price of $1,720,000 in Cheltenham (Vic.).
If you're looking to lease, the median rent for houses in Cheltenham (Vic.) is $725 per week. The median house rent has remained unchanged over the last 12 months.
The median price of apartments and units for sale in Cheltenham (Vic.) is $723,000, which has decreased 0.3% since the same time last year. One-bedroom apartments and units have a median sale price of $362,000, Two-bedroom apartments and units have a median sale price of $670,000, Three-bedroom apartments and units have a median sale price of $982,000, Four-bedroom apartments and units have a median sale price of $1,380,000 in Cheltenham (Vic.). The median rent for units and apartments in Cheltenham (Vic.) is $600 per week and has increased 4.3% over the last 12 months.
Crime and safety
Is Cheltenham safe?
The overall rate for Cheltenham is 8,996 offences per 100,000 residents — 125% above the Greater Melbourne benchmark.
That is the clearest suburb-wide answer. Open the detailed profile to see how the pattern changes across offence types and different parts of Cheltenham.
Overall crime rate
8,996
offences per 100,000 residents
125% aboveGreater Melbourne
CheltenhamGreater Melbourne: 4,001
Suburb-wide estimate from Microburbs' public crime model; it is not an address-level measure.
The people behind the postcode
Who lives in Cheltenham?
Cheltenham VIC 3192 is in Victoria, within Greater Melbourne.
23,992 people call Cheltenham home, with an average of 2.4 people per household and a median household income of $1,919 a week.
Public ABS 2021 Census figures. The bars compare the local share with the capital-region benchmark.
- Population
- 23,992
- Median age
- 40 years
- Median mortgage
- $2,200 / month
- 2021 household rent
- $430 / week
Above the benchmarkBelow the benchmarkIn lineGreater Melbourne benchmark
Age profile
Share of residents in each age band.
Under 1518.0%In line
15–3422.8%Below
35–5429.7%Above
55–7419.4%In line
75 and over10.1%Above
Homes
Share of occupied private dwellings.
Separate houses58.5%Below
Townhouses22.7%Above
Apartments18.5%Above
Ownership
Share of homes with a stated ownership or rental status.
Owned outright33.8%Above
Paying a mortgage38.3%In line
Renting27.9%Below
Cars at home
Vehicles available to occupied households.
No car6.9%Below
One car42.1%Above
Two cars38.7%Above
Three or more12.3%Below
Getting to work
Selected ways residents worked or travelled on Census day.
Worked from home34.4%Above
Drove to work42.2%Below
Train, tram or bus2.8%Below
Walked or cycled2.7%In line
What stands out in Cheltenham
34.4% of workers in Cheltenham worked from home on Census day — noticeably more common than across Greater Melbourne.
4.0% of Cheltenham residents were born in England.
43.1% of people in Cheltenham described themselves as having no religion in the 2021 Census.
A closer look at the Census
Questions people ask about Cheltenham
Open any question for a plain-English reading of the public 2021 Census for Cheltenham VIC 3192.
Is Cheltenham family-friendly?Age, family structure and household size describe the community families would be joining.
18.0% of Cheltenham's residents were children under 15 in the 2021 Census. That is almost exactly typical for Greater Melbourne.
6,569 family households lived in Cheltenham; 47.4% were couple families and 15.8% were one-parent families.
39.8% of local families included children under 15. That is close to the Greater Melbourne average.
These are suburb-wide household figures, not school or childcare ratings.
What is the age profile of Cheltenham?The balance between younger adults, families and older residents changes how a suburb feels day to day.
Cheltenham had 23,992 residents at the 2021 Census.
28.2% of residents were aged 25 to 44.
29.5% were 55 or older. That is somewhat above the Greater Melbourne average.
Age shares use the suburb’s total Census population.
What kind of homes are in Cheltenham?The dwelling mix shows whether the suburb is mostly detached homes, townhouses or apartments.
Separate houses made up 58.5% of occupied private dwellings in Cheltenham.
Townhouses and other attached homes represented 22.7% of occupied private dwellings.
Flats and apartments accounted for 18.5% of occupied private dwellings.
All three shares use occupied private dwellings as the denominator.
Do people own or rent in Cheltenham?Tenure shows how many households own outright, have a mortgage or rent.
33.8% of households with a stated tenure owned their home outright. That is somewhat above the Greater Melbourne average.
38.3% were buying their home with a mortgage.
27.9% rented their home. That is somewhat below the Greater Melbourne average.
Tenure shares include households that stated one of these three arrangements.
How large are households in Cheltenham?Household-size data shows the mix behind the suburb-wide average.
The average household in Cheltenham had 2.4 people.
One-person households made up 28.9% of occupied homes. That is somewhat above the Greater Melbourne average.
Two-person households represented 31.0%, while 23.0% had four or more usual residents.
Household size counts usual residents in occupied homes.
How do people get to work in Cheltenham?Census-day travel shows the balance between home, road, public transport and active travel.
34.4% of workers worked from home on Census day. That is somewhat above the Greater Melbourne average.
42.2% drove a car as their only travel method. That is somewhat below the Greater Melbourne average.
2.8% used only a train, tram or bus, while 2.7% walked or cycled.
Travel figures are a 2021 Census-day snapshot.
How many cars do households have in Cheltenham?Vehicle availability helps describe the routines local households can support.
6.9% of occupied households had no motor vehicle available. That is close to the Greater Melbourne average.
One-car households formed 42.1% of the total.
51.0% of households had two or more vehicles.
Vehicle counts refer to occupied households, not individual residents.
Who's moving to Cheltenham, and who stays?Address history shows how settled or recently mobile residents were at the Census date.
59.8% were at the same address five years earlier, while 40.2% reported a different address.
30.3% of residents were born outside Australia. That is somewhat below the Greater Melbourne average.
Mobility figures cover residents who answered the relevant Census question.
What languages are spoken in Cheltenham?Language at home gives a direct view of the community’s everyday linguistic mix.
72.3% of residents used only English at home.
24.2% used a language other than English at home.
3.6% spoke Mandarin at home, 0.8% spoke Cantonese and 1.0% spoke Hindi.
Home language is separate from English proficiency.
Where were Cheltenham residents born?Birthplace adds another layer to the local story, separate from ancestry and language.
30.3% of Cheltenham's population was born outside Australia, while roughly 69.7% was born in Australia.
3.1% of residents were born in China.
2.7% were born in India, while Australian citizenship across the whole suburb stood at 86.0%.
Birthplace, citizenship and ancestry describe different parts of identity.
What ancestries shape Cheltenham?Ancestry responses show how residents describe family and cultural background.
English ancestry accounted for 32.2% of ancestry responses in Cheltenham.
Australian ancestry made up 28.4% of responses.
Chinese ancestry represented 6.2% of responses.
People may nominate more than one ancestry, so these are shares of responses.
What work do people do in Cheltenham?Occupation describes a person’s role; industry describes the sector employing them.
29.1% of employed residents worked in professional occupations. That is close to the Greater Melbourne average.
Managers accounted for 16.4% of employed residents, while clerical and administrative workers made up 13.8%.
Health care and social assistance employed 13.4% of workers, and education and training employed 9.6%.
Occupation and industry figures describe employed residents of the suburb.
How active is the workforce in Cheltenham?Participation, employment pattern and unemployment describe the resident labour force.
The labour-force participation rate was 65.3%, compared with 64.1% across Greater Melbourne.
37.7% of residents aged 15 and over worked full time, while 21.1% worked part time.
Unemployment was 4.2%, compared with 5.3% across Greater Melbourne.
Labour-force figures come from the 2021 Census.
What does the health profile of Cheltenham show?Selected long-term health conditions help describe community service needs.
62.0% reported no selected long-term health condition.
8.6% reported a long-term mental health condition, including depression or anxiety.
8.4% reported asthma, 7.8% arthritis and 4.3% diabetes excluding gestational diabetes.
These are self-reported suburb-wide Census figures, not address-level health risks.
How educated is Cheltenham?Qualifications describe the study pathways represented among local residents.
34.3% of people in the qualifications table held a bachelor degree. That is close to the Greater Melbourne average.
Postgraduate degrees accounted for 12.6% of qualification responses.
Diploma-level qualifications represented 16.5%, while certificate-level qualifications represented 21.9%.
Qualification categories are reported separately and are not school ratings.
What do incomes and housing costs look like in Cheltenham?Census income and household payments give historical context for local living costs.
Median household income was $1,919 per week in the 2021 Census.
The median monthly mortgage repayment reported by local households was $2,200.
Occupied renting households reported a median rent of $430 per week.
These household figures are from 2021; current sale and asking-rent medians appear in the market section.
How does Cheltenham compare with Greater Melbourne?A few clear differences place the suburb in its wider metropolitan context.
Working from home was 34.4% in Cheltenham, compared with 28.8% across Greater Melbourne.
Outright ownership was 33.8% locally and 30.7% across Greater Melbourne. That is somewhat above the Greater Melbourne average.
Renting accounted for 27.9% in Cheltenham, against 31.1% across Greater Melbourne.
Capital-region comparisons use the same Census definitions and year.
Three useful questions
A buyer’s quick guide to Cheltenham (Vic.)
Is Cheltenham (Vic.) expensive?
The median house price is $1,250,000, while units and apartments sit at $723,000. Bedroom count, land and condition still create a wide range around those suburb medians.
Is Cheltenham (Vic.) good for families?
The Census counted 6,569 local families, and 18.0% of residents were under 15. That describes the community; school quality, travel times and the right fit for a particular family need separate research.
What can I get for $1.5m in Cheltenham (Vic.)?
4-bedroom houses have a median around $1,350,000, the closest bedroom benchmark we hold to a $1.5m budget. Individual homes can differ substantially with block size, renovation and location.
Medians describe recorded market activity across the suburb; they are historical context, not a valuation or forecast for an individual home.
Explore the area
Streets and suburbs around Cheltenham (Vic.)
332 streets in Cheltenham (Vic.)
Street-by-street reports are not published yet. The streets below are the ones this suburb covers.
- Abbington Ave
- Age St
- Albenca St
- Alden Ct
- Alice St
- Allnutt Ct
- Allnutt Pde
- Alray Dr
- Amber Ct
- Amberley Dr
- Ambrose Ave
- Argus St
- Arnold St
- Ash Ct
- Ashleigh Ct
- Atunga Ct
- Avalon Ct
- Avoca St
Show all 332 streetsShow fewer streets
- Axelton St
- Azalea Ct
- Banool St
- Barber Ct
- Barclay Dr
- Baringhup St
- Barker St
- Barlow Ave
- Barrett St
- Bayliss Ct
- Bayliss St
- Bay Rd
- Beachwood Cl
- Beatrice St
- Bellevue Rd
- Belrose Ave
- Bendigo St
- Benkel Ave
- Berkefeld Ct
- Bernard St
- Bettina Ct
- Beverley St
- Blackburn Dr
- Blagdon St
- Booker St
- Brampton St
- Brett Ct
- Bricker St
- Brixton Rd
- Brownfield St
- Bruton Avenue
- Butler Ct
- Byrne Ct
- Callaghan Ct
- Camelia Gr
- Cameron St
- Cavanagh St
- Central Park
- Centre Dandenong Rd
- Chandos Street
- Chaprowe Ct
- Charles St
- Charlton Ave
- Charman Rd
- Charnwood Ln
- Chatsworth Cl
- Chelsea St
- Cheltenham Road
- Chesterville Rd
- Christensen St
- Churchill Ave
- Cindy Ct
- Clara Ct
- Classon Ct
- Clendon Ct
- Coape St
- Cobham St
- Coleman Ct
- Coolac St
- Coral Ct
- Correa Ave
- Courtney St
- Cox Street
- Craig Ct
- Crawford St
- Crocus Ct
- Cronin Ct
- Darren Court
- Darvall Ct
- David Ct
- Davie Ave
- Deanswood Ct
- Delacombe Ct
- Dendy Ct
- Derring Ln
- Devondale St
- Devon St
- Dewrang St
- Dianne Ct
- Dissik St
- Eagland Rd
- Eden St
- Edward St
- Egerton Ave
- Eila Cl
- Elissa Ct
- Elliott St
- Elman Rd
- Elma Rd
- Emville Ct
- Erskine Ave
- Eunice Dr
- Everest Dr
- Evergreen Cct
- Evesham Rd
- Fairlam Ln
- Fairview Ave
- Fairview Dr
- Fairway Ave
- Farm Rd
- Fiona Ct
- Fir Gr
- Follett Rd
- Fordyce St
- Freda Ave
- Friendship Sq
- Gardenia Cr
- Garfield St
- Gawler Ct
- Gaybre Ct
- George St
- Gilford Gr
- Gillman St
- Glebe Ave
- Glenden Rtt
- Glyn Ct
- Gold St
- Goulburn St
- Graham Rd
- Grange Rd
- Haines St
- Hallinan Ct
- Hall St
- Hamlet St
- Hannah St
- Harkaway Dr
- Harpley St
- Harrow
- Hartwell Pl
- Harvey Ct
- Haughton St
- Heather Gr
- Helen Ct
- Herald St
- Hermitage St
- Hewitt St
- Hibiscus Ave
- Higham St
- Hilda St
- Hoffman St
- Holmby Rd
- Ikara Ct
- Irene Ct
- Irving Ct
- Ivy St
- Jacaranda Ave
- Jack Rd
- Jamieson Street
- Janice Ave
- Jarrahdale St
- Jean St
- Jedda Ct
- Jellicoe St
- Jells Rd
- Jennifer St
- Joami St
- Jodi St
- Judd Pde
- Justin Ct
- Kallista Ct
- Kardinian Ave
- Kayden St
- Keamy Ave
- Keith St
- Kelmar St
- Kembla St
- Kevin Ct
- Keys Rd
- Kimpton St
- Kingswood Rd
- Kristine Ct
- Kylie Pl
- Latrobe St
- Lauriston Ct
- Lavender Ave
- Lendor Ct
- Lentara Ct
- Leon St
- Lincoln Dr
- Linden Ave
- Llewellyn St
- Lorna St
- Lorraine St
- Lotus Ct
- Luxmoore St
- Lynda Cl
- Macao Ct
- Mackenzie St
- Madison Ct
- Maiya Ct
- Maple Ct
- Marita Ct
- Marlene Ct
- Maude St
- Mayne St
- May St
- Mccoll St
- Mcguire St
- Mcivor St
- Medway Ave
- Melaleuca Dr
- Mena Ave
- Mernda Ave
- Merton Cl
- Mills St
- Monbulk Ct
- Monterey Dr
- Moola Court
- Moonda Gr
- Moreton
- Mulberry Ave
- Munro Ave
- Nancy St
- Neish Ct
- Nepean Hwy
- Newry St
- Norland St
- Norma Ave
- Nova Ct
- Oak Ave
- Olinda Ct
- Olympic Ave
- Oregon Cl
- Oswald St
- Page St
- Paljan Ct
- Pallisades Bvd
- Parkin Ave
- Park Rd
- Parnell St
- Paul St
- Pembroke Cr
- Peppertree Pl
- Peters Dr
- Philip St
- Pike St
- Pine St
- Pinewood
- Plunkett St
- Primrose Ave
- Pyingerra Cr
- Radcliff Ave
- Railway
- Railway Rd
- Ramsay Ct
- Reeve Ct
- Regent Pde
- Remer Ct
- Remont Ct
- Renowden St
- Reserve Rd
- Reuben St
- Rio Vista Ct
- Rising Star Ln
- Robross St
- Rosewarne Ave
- Royalty Ave
- Selwood Rtt
- Seville Ct
- Shadwell St
- Sharrock Ave
- Shelford Ct
- Sheoak
- Shipston Rd
- Shirlian St
- Siede Ct
- Silver St
- Sinclair St
- Snowdon Dr
- Stanley Ave
- Station Rd
- Stuart Ave
- Sunray Ave
- Susan Ct
- Swinden Ave
- Sydney St
- Talinga Rd
- Tanti St
- Tatura St
- Taunton Dr
- Tenham Gr
- Tibrockney St
- Tiffany Ave
- Tilley St
- Timmis Ave
- Tintern
- Tintern Gr
- Tomar Ct
- Tracey Ct
- Tuck St
- Tulip Gr
- Tulip St
- Verdure Cr
- Victor Ave
- Viking Ct
- Voltri St
- Wade Ct
- Walker Gr
- Waller Ct
- Wallingford St
- Wandarri Court
- Wangara Rd
- Wanrua St
- Ward St
- Warren Rd
- Warrigal Rd
- Weatherall Rd
- Wedd St
- Wembley Ave
- Weymar St
- Willow Ave
- Wilson St
- Wingrove St
- Woodland Dr
12 suburbs surrounding Cheltenham (Vic.)
Compare nearby suburb prices, rents and five-year market trends.
Keep exploring
Is Cheltenham (Vic.) right for your search?
Use the finders to compare places and properties, or open the full report when you need the street, risk, schools and growth research.
Read the thinking
Figures update as new market and census data arrives. This suburb overview is general information, not a valuation or financial advice.