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The quick read on
VIC 3192 · Bayside (Vic.)
What homes cost, how rents have moved, and a feel for the people who call it home.
latest suburb median
latest suburb median
Cheltenham, Victoria
Median sale price and rental income of properties in Cheltenham (Vic.) VIC
Based on 227 sales in the preceding 12 months
$1,270,000
Up 0.8% over 12 months
Based on 172 rental listings in the preceding 12 months
$725 per week
No change over 12 months
Market data updated September 2026.
The median house price in Cheltenham (Vic.), VIC is currently $1,270,000, based on the latest 12 months of sales. Cheltenham (Vic.) has a 12-month growth rate of 0.8% for houses and -2.3% for units.
Two-bedroom houses have a median sale price of $887,000, 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 $1,630,000 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 $708,000, which has decreased 2.3% since the same time last year. One-bedroom apartments and units have a median sale price of $365,000, Two-bedroom apartments and units have a median sale price of $665,000, Three-bedroom apartments and units have a median sale price of $976,000, Four-bedroom apartments and units have a median sale price of $1,330,000 in Cheltenham (Vic.). The median rent for units and apartments in Cheltenham (Vic.) is $575 per week and has increased 4.5% over the last 12 months.
Three useful questions
The median house price is $1,270,000, while units and apartments sit at $708,000. Bedroom count, land and condition still create a wide range around those suburb medians.
Household and age data is limited here. Use the street list and neighbouring suburb profiles as a starting point, then check schools, transport and daily needs for the exact part of the suburb you are considering.
Larger houses have a median around $1,630,000, 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.
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Use the finders to compare places and properties, or open the full report when you need the street, risk, schools and growth research.
Figures update as new market and census data arrives. This suburb overview is general information, not a valuation or financial advice.