Cheltenham vs Huntingdale

Houses cost about the same in both suburbs: the median house price is $1.3M in Cheltenham and $1.3M in Huntingdale.

For units, Cheltenham sits at a median of $700K against $620K in Huntingdale, which makes Huntingdale the more affordable unit market and Cheltenham the pricier one.

Over the past year house prices moved +7.6% in Cheltenham and +0.8% in Huntingdale, so recent momentum favours Cheltenham, although both suburbs recorded growth.

Looking back three years, Cheltenham houses are -2.9% and Huntingdale houses +7.1%, so Huntingdale has compounded faster than Cheltenham over the longer window.

Rental vacancy is 0.9% in Huntingdale and 1.0% in Cheltenham, so landlords in Huntingdale face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Cheltenham is the bigger suburb, with a population of 23,992 against 1,949, roughly 12 times the size of Huntingdale; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Cheltenham for recent price momentum, Huntingdale for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.