Cheltenham scores 7.4/10 — accessible entry into Melbourne’s bayside corridor with Southland shopping centre redevelopment, beach proximity and improving transport links.
Cheltenham Investment Snapshot
| Metric | Houses | Units |
|---|---|---|
| Median Price | $1.15M | $575k |
| Gross Yield | 2.9% | 4.1% |
| 5-Year Growth | +28% | +19% |
| Vacancy Rate | 1.7% | 2.1% |
| Auction Clearance | 70% | 63% |
Why 7.4/10?
- Southland major retail and mixed-use transformation underway
- Mentone and Beaumaris beaches within 10 minutes
- Houses at $1.15M — significantly cheaper than Bentleigh ($1.41M) and Moorabbin ($1.08M)
Risks
- Longer commute to CBD limits some tenant segments
- New apartment supply near Southland could create short-term unit price pressure
Access off-market opportunities in Cheltenham: collings.com.au/portal
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