Bayside (Vic.) · 3192

Cheltenham, VIC

population +7.8% (5y), $2.7bn pipeline incl. Suburban Rail Loop East — Cheltenham.

NextSuburb scoreTier C
46Average
Median house
$1.32M
5y growth
5.0%/yr
Gross yield
1.7%
Vacancy
2.4%
Stable entry pointHigh confidence
Last updated May 2026Next refresh 3 June 2026Informational only — not financial advice

Eight-signal breakdown

Each signal scored 0–100 against the national distribution. Bars reflect how this suburb sits across the index.

  • Capital growth (5y)5.0%/yr
    50/100
  • Population growth+7.8% (5y)
    78/100
  • Supply tightening+5.0% YoY
    25/100
  • Rental yield1.7%
    34/100
  • Rental demand2.4% vacancy
    40/100
  • Income growth+13.0% (5y)
    52/100
  • Construction pipeline$2.7bn nearby
    54/100
  • Affordability12% under cap
    12/100

Why this score

Cheltenham scores 46/100 (Average). The two strongest signals: 7.8% population growth over five years and $2.7bn of nearby construction. The standout watch-out: gross yield of 1.7% leaves modest cashflow.

Drivers
  • Population growth+7.8% (5y)
Risks
  • Thin gross yield (1.7%)

Nearest infrastructure

Suburban Rail Loop East — Cheltenham0.8 km away

Construction · $5.0bn · completion 2035

Construction-stage projects within 10 km lift the suburb’s infrastructure score; projects more than 25 km away barely move it.

Comparable suburbs

Three VIC suburbs in the same budget band with the closest NextSuburb scores.

See the full VIC ranking

60-month score history

Backfilled — live history begins May 2026
344453Jun 21Jun 22Jun 23Jun 24Jun 25May 26

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