Cheltenham (VIC 3192): property prices & suburb profile

Cheltenham property prices

The typical Cheltenham house sold for around $1,353,000 in the year to 2025-Q4, +72.2% over 10 years and +28.7% over 5 years.

• Medians are published by the Victorian Valuer-General per suburb; we do not have individual sale records for this state, so there is no street-level breakdown on this page (our New South Wales pages have one).
• The headline figure is a sales-weighted average of the last four quarterly medians, not a median of individual sales, because one quiet quarter in a single suburb can move a quarterly median by more than the market did. The chart below plots each quarter as published.
• The Victorian Valuer-General yearly file currently ends at 2024; newer points on the chart and the short-horizon changes come from the quarterly file.
• Change over time reflects what sold in each period, not the value of any one home: a run of large or small homes moves it.
• Periods with fewer than 5 recorded sales are excluded.

Cheltenham medians by quarter

The most recent quarter on record for Cheltenham is 2025-Q4.

• Sale counts are shown so you can judge how solid each median is.

Who lives in Cheltenham

Cheltenham has a median age of 40 and a median household income of $1,919 a week.

• Figures labelled Cheltenham are for the suburb boundary itself (ABS 2021 Census). Anything labelled SA2 or postcode covers a wider area: SA2 "Highett (East) - Cheltenham" and postcode 3192 both extend beyond Cheltenham.
• SEIFA decile 1 is the lowest tenth of Australian areas on that index and 10 the highest. The four indices measure different things and often disagree, which is why all four are shown: a suburb can rank high on education and occupation while ranking mid on economic resources.

Schools in Cheltenham

The 6 schools in Cheltenham sit at the 82nd percentile nationally on ACARA's socio-educational index.

• ICSEA is ACARA's socio-educational index (average 1000). It describes the family backgrounds of the students enrolled, NOT how well a school teaches: a lower ICSEA means a less advantaged intake, not a worse school.
• Percentiles are ACARA's own national ranking, so the Australia bar is a published figure rather than our arithmetic. Each area shows the median of the mainstream schools sitting inside it; special schools are listed in the table but excluded from the medians.
• Public school intake zones are not published in our dataset for this state, so confirm catchments with the school.

Suburbs near Cheltenham

Cheltenham's typical house price of $1,353,000 is the 6th highest of the 25 Melbourne South East suburbs we cover.

• Bentleigh 3204

  $1,710,000 typical house price

• Bentleigh East 3165

  $1,539,000 typical house price

• Berwick 3806

  $897,000 typical house price

• Brighton 3186

  $3,436,000 typical house price

• Carnegie 3163

  $1,713,000 typical house price

• Carrum Downs 3201

  $791,000 typical house price

• Caulfield North 3161

  $2,452,000 typical house price

• Clyde 3978

  $703,000 typical house price

All Melbourne South East suburb research

Cheltenham: common questions

How much does a house cost in Cheltenham?

About $1,353,000 across the 12 months to 2025-Q4, from 179 recorded sales. That is a sales-weighted average of the four quarterly medians published by the Victorian Valuer-General: a single quarter in one suburb can swing on a handful of sales.

Have Cheltenham prices gone up?

Prices have risen 72.2% over 10 years and moved +28.7% over 5 years, comparing the latest rolling year with the same window a decade earlier. These movements reflect the mix of homes sold, not the change in value of a specific property.

What do units cost in Cheltenham?

The typical unit price was around $673,000 across the 12 months to 2025-Q4: a sales-weighted average of the quarterly unit medians, from 231 sales.

Can I see Cheltenham prices street by street?

Not yet. VIC publishes suburb-level medians rather than individual sale records, so street-level medians are only available on our New South Wales pages.

Which schools are in Cheltenham?

Cheltenham has 6 ACARA-registered schools: Cheltenham East Primary School, Cheltenham Primary School, Cheltenham Secondary College, Kingston Heath Primary School, Le Page Primary School, Our Lady of the Assumption School.