FairSquare analyses every Australian suburb for property investors — score, yield, risk and a full investment verdict.
FairSquare's model rates Cheltenham, Victoria 6.6 out of 10 (Workhorse Investment) as of May 2026.
Cheltenham presents a workhorse investment opportunity, strategically located 22km from Melbourne's CBD. Its exceptionally low 0.9% vacancy rate signals robust and consistent tenant demand, underpinning reliable rental income and ongoing capital appreciation.
The median price is derived, not estimated. Every number on this page traces back to the model's proprietary yield surface — calibrated for each part of the country and resolved against distance from CBD. The price falls out of the formula.
Inputs for this suburb sit at the top of our calibration tier. The model is not guessing.
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Unlock 9 signals — A$25 →FairSquare's model rates Cheltenham, Victoria 6.6 out of 10 (Workhorse Investment) as of May 2026. Cheltenham presents a workhorse investment opportunity, strategically located 22km from Melbourne's CBD. Its exceptionally low 0.9% vacancy rate signals robust and consistent tenant demand, underpinning reliable rental income and ongoing capital appreciation.
The median house price in Cheltenham, VIC is $1.28M. Weekly rent of $779 against a 3.2% gross yield underpins this figure.
Cheltenham has a gross rental yield of 3.2%, with a median weekly rent of $779. 12-month price growth is tracking at +6.5%.
Based on its market signals, Cheltenham aligns with: Defensive Hold.