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Cheltenham, SA 5014
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,015,000
market range $550K-$1.3M
Median Unit
$760,000
list-price estimate
Gross Yield (houses)
2.8%
1yr Growth (houses)
+11.6%
market range -5.0% to +22.5%
Investment snapshot for Cheltenham
Cheltenham has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Cheltenham market and investor summary
In Cheltenham, SA 5014, the median house sells for around $1.0M, on a gross rental yield of 2.8% for houses. House prices have moved +11.6% over the past year and +26.3% over three years. At 1.6% vacancy, it is a tight rental market that favours landlords.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 2.8% will not cover holding costs in the early years, so the case leans on price appreciation. Rental demand looks steady, with vacancy at 1.6% and a resident base that is not shrinking.
Living in Cheltenham: people, income and schools
Cheltenham is home to around 2,236 people, and the area has been growing steadily, up about 8% over five years. At a median age of 44, it reads as skewed a little older, and 77% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
The typical household income runs to around $80,000 a year (about $1,530 a week). On socio-economic measures it ranks toward the more disadvantaged end of the ABS advantage index (3 out of 10). At current prices a median house runs to a steep 12.7 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 23% over five years, which tends to underpin what local buyers can pay.
Families have 39 schools within roughly 5km to choose from, testing close to the national school average on ICSEA. Cheltenham sits about 9.7 km from the CBD. It is fairly car-dependent; the suburb scores 49 for walkability and 7 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Premises.
- Population
- 2,236
- +8% over 5yr
- Median age
- 44 years
- Median household income
- $80,000/yr
- Households renting
- 21%
- Family households
- 66%
- Socio-economic rank
- 3/10
- ABS advantage index
- Schools within 5km
- 39
- avg ICSEA 1007
- Unemployment
- 4.5%
- Distance to CBD
- 9.7 km
- Walk score
- 49/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Cheltenham
View all →Frequently asked questions about Cheltenham
What should I check before investing in Cheltenham?
Cheltenham has enough public data for first-pass screening across yield, vacancy, price and supply signals. Capital growth of +11.6% in the past year shows strong recent price momentum. 3-year capital growth of +26.3% shows sustained momentum, not just a single-year spike. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Cheltenham?
The median property price in Cheltenham, SA 5014 is $1.0M for houses.
What rental yield does Cheltenham show?
The gross rental yield in Cheltenham is 2.8% for houses. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Cheltenham?
House prices in Cheltenham are up 11.6% over the past year and up 26.3% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Cheltenham?
The current vacancy rate in Cheltenham is 1.6%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Cheltenham?
Cheltenham has a population of approximately 2,236 residents, with a median age of 44.
What schools are near Cheltenham?
There are 39 schools within roughly 5km of Cheltenham. Their average ICSEA is close to the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Cheltenham affordable to buy in?
A median house in Cheltenham costs about 12.7 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Cheltenham's population growing?
The population of Cheltenham has grown about 8% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Cheltenham from the CBD?
Cheltenham is about 9.7 km from the CBD.
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