Property prices for sale in Cheltenham (Victoria)

The price per m² in Cheltenham has increased strongly during the last 6 months. In October, the average price per m² was $613. In the following month the price per m² increased considerably to $738. The price for the following two months in (December, January) had a considerable increment of 118 %. The price per m² has had a considerable increase of 129 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per m² of $736.75 to $950.5 during February, and March.

Based upon to the price in Cheltenham (suburbs), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is $364,077. During November the price went through a considerable rise reaching $483,061. During the following two months (December, January) the average price had a considerable increase of 144 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 140 % during the last two months.

The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $716,184 they are 53 % more affordable than the average price for Cheltenham. The properties with the highest average price have 4 bedrooms, Their price is 21 % more costly than the average. After that we have properties with 3 bedrooms priced at $837,653.

With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of $770 / m², with an average $940 / m² price in Cheltenham. The properties with the highest average prices have 1 bedroom. They are 265 % more expensive than the average followed by properties with 3 bedrooms with a price at $999 / m².

The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $716,184 it is 0 % cheaper than the average price in Cheltenham. "Apartment" is seen as the second most affordable property type. The dearest property type is "Apartment" followed by "House". At a price of $716,184 it is 19 % more expensive than the average price.

According to the average cost per m², the cheapest property type is "House" at an average cost of $940 / m² followed by "Apartment" priced at $8,258 / m². "Apartment" is the most costly type of property with a $8,258 / m² cost followed by "House" with an average price of $940 / m².