Cheltenham is prime Frankston line investment territory — a southern family suburb adjacent to Southland Shopping Centre (one of Melbourne's largest retail destinations) where direct train access, affordable pricing relative to nearby Bayside suburbs, and improving residential quality are generating Melbourne's strongest outer-bayside capital growth. Cheltenham's large blocks (averaging 650m²) offer significant dual-occupancy development potential, while its improving restaurant strip and consistent family buyer demand create outstanding long-term investment fundamentals. At the current $1.05m median house price, an 80% loan at 6.25% over 30 years is about $5,172 per month.
| Median house price | $1,050,000 |
|---|---|
| Median unit price | $640,000 |
| Estimated monthly repayment | $5,172 at 80% LVR, 6.25%, 30 years |
| Annual price growth | 6.5% |
| Gross rental yield | 3.8% |
| Typical days on market | 14 |
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