Cheltenham
Suburb profile, market snapshot and recent listings for Cheltenham, VIC 3192.
About Cheltenham
Welcome to Cheltenham
Cheltenham sits in Melbourne's south-east, roughly 20 kilometres from the CBD and neatly positioned between the bayside suburbs of Mentone and Beaumaris and the more inland Heatherton. It's a suburb that has long done a good trade in practicality — solid family homes, useful shopping strips, good schools and a train line that gets you where you need to go — while still being a short drive from the beach.
With a population of just under 24,000 and a median age of 40, Cheltenham reads as classic middle-Melbourne family territory, though its growing mix of townhouses and apartments is drawing younger buyers and downsizers too. It suits people who want space and functionality without giving up access to the city, and who don't mind sharing their postcode with one of the area's better-known retail and trade precincts.
Lifestyle & dining
Cheltenham's day-to-day life revolves around a handful of solid strips rather than one glossy main street. Charman Road and the area around the station have a good spread of cafes, bakeries and casual dining, while the suburb's proximity to Mentone and Beaumaris means a bayside coffee or fish and chips by the water is never far away. It's not a suburb built around nightlife or destination dining, but that's part of its appeal — it's comfortable, unpretentious and geared towards everyday living rather than showing off.
Shopping
Cheltenham is home to one of Melbourne's largest homemaker and bulky-goods precincts, making it a genuine drawcard for furniture, appliances and trade supplies from well beyond the local area. For everyday needs, Southland Shopping Centre is just around the corner in Cheltenham/Highett, giving residents full-line supermarkets, fashion and services on their doorstep, on top of smaller local shopping nodes scattered through the suburb.
Getting around
The Frankston line runs straight through Cheltenham, with Cheltenham and Mentone stations both giving quick access into the city and down to the Mornington Peninsula corridor. Warrigal Road and Nepean Highway are the main arterial routes, connecting easily to Heatherton, Parkdale and the wider south-eastern suburbs, while Southland's transport interchange adds another useful link for bus commuters. It's a suburb where a car is handy for the shopping precinct and beach trips, but not essential for getting to work or study.
Schools & families
Families are well catered for, with a genuine choice of local primary schools including Cheltenham East Primary School, Cheltenham Primary School, Kingston Heath Primary School, Le Page Primary School and the Catholic Our Lady of the Assumption School. Cheltenham Secondary College covers the local government secondary option, and the suburb's mix of established quarter-acre blocks and newer townhouse developments means there's a reasonable spread of housing to suit growing families at different budgets.
Parks & recreation
Kingston Heath Golf Course, one of the sandbelt's celebrated championship courses, is a defining piece of green space in the suburb and a drawcard for golfers well beyond the local area. Elsewhere, Cheltenham benefits from its position on the sandbelt, with reserves, sporting grounds and easy access to the foreshore parks of neighbouring Mentone and Beaumaris for anyone after a walk, swim or bike ride by the bay.
The property market
Cheltenham's median house price currently sits at $1.18 million, with house values up 3.1% recently, reflecting steady rather than runaway demand. Units and apartments offer a considerably more accessible entry point at a median of $660,000, and with the current mix of listings running at 36% houses, 32% townhouses and 31% apartments/units, buyers have genuine choice across price points and dwelling types. Median rent of $730 a week points to solid renter demand too, underpinning the suburb's appeal for both owner-occupiers and investors looking at the wider Mentone-Highett-Beaumaris pocket.
Market snapshot
Cheltenham property market
Median sale price
$1.18m
House · 3 bed
Median rent
$730
per week
Gross rental yield
3.2%
annual rent ÷ sale price
Typical price range
Entry
$846k
Median
$1.18m
Premium
$1.57m
Days on market
35
Auction clearance
73%
Sold this year
187
Median sold price trend · House 3 bed
Compound growth -0.8% / yr over 4 yrs
Median price by bedrooms · House
Property types on market
Share of current listings in Cheltenham by dwelling type.
Who lives here
Demographics
ABS Census 2021 figures for Cheltenham, VIC 3192.
Population
23,992
residents (2021)
Median age
40
years
Household income
$1,919
median, per week
Median rent
$430
per week
Median mortgage
$2,200
per month
Mortgage / income
26%
comfortable
Source: Australian Bureau of Statistics, Census of Population and Housing 2021. Suburb-level (SAL) aggregates.
Education
Schools in Cheltenham
Government school catchment
Independent & Catholic schools
Recent results
Recently sold in Cheltenham
$1.26m
104 Devon Street
Sold ~July 2026
$1.10m
27 Mernda Avenue
Sold ~July 2026
$2.40m
11 Davie Avenue
Sold ~July 2026
$695k
13/11 Hannah Street
Sold ~July 2026
$780k
1/55 Follett Road
Sold ~July 2026
$750k
1/39 Regent Parade
Sold ~July 2026
$1.45m
6 Regent Parade
Sold ~July 2026
$1.45m
7 Booker Street
Sold ~July 2026
Sold prices as published on the original listing; some may reflect the last advertised price. Dates are approximate.
Explore the area
Properties & amenities in Cheltenham
Compare the area
Price map around Cheltenham
Every listing for sale near Cheltenham, coloured by price — so you can see how it stacks up against the streets and suburbs next door.
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Nearby suburbs
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Common questions
Cheltenham suburb FAQ
What is the median property price in Cheltenham?
The median house price in Cheltenham, VIC is $1.18m for a 3-bedroom home. Over the past year, median sold prices have risen about 3.1%.
How much is rent in Cheltenham?
The median weekly rent in Cheltenham is around $730 per week.
Is Cheltenham a good place to live?
Cheltenham is a suburb in Melbourne, Victoria, Australia, 18 km south-east of Melbourne's Central Business District, located within the Cities of Bayside and Kingston local government areas. Cheltenham is an established residential suburb in VIC, with a population of around 23,992 and 6 schools in the area.
What is the population of Cheltenham?
Cheltenham has a population of 23,992 (ABS 2021 Census), with a median age of 40.
What schools are in Cheltenham?
There are 6 schools in or near Cheltenham, including Cheltenham East Primary School, Cheltenham Primary School and Kingston Heath Primary School.
How long do homes take to sell in Cheltenham?
Properties in Cheltenham take around 35 days to sell on average, with an auction clearance rate of about 73%.
How much do you need to buy in Cheltenham?
Entry-level properties in Cheltenham start around $846k, while premium homes reach $1.57m.
What suburbs are near Cheltenham?
Suburbs near Cheltenham include Mentone, Heatherton, Beaumaris, Parkdale and Highett.
Fresh to market
New this week in Cheltenham
Coming Soon | Two-Bedroom Villa Under Refurbishment
Light-filled Interiors with Outdoor Bonanza
Impeccably Maintained Classic-Style Home
Sunny seclusion with Southland convenience
Available now