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Cheltenham
Middle South East · VIC · 3192 · Kingston
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URBANOS SCORE
Our model6/100
Our proprietary model — yield, supply pipeline, price growth, infrastructure and CBD proximity for new build investors
↓ Below Melbourne average·more data may improve this score as imports run
KEY METRICS
Gross yield
3.47%
Median rent / wk
$450
1yr price growth
-7.5%
Median unit price
$675k
Distance CBD
18.7km
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Data last updated: June 2026·Sources: CAV rent bonds, Valuer General, ABS Census, Victorian UDP·Stats reflect all properties in the suburb — new builds typically achieve higher yields and prices than the suburb median.
INFRASTRUCTURE & GROWTH DRIVERS
Suburban Rail Loop (Stage 1, under construction): SRL Stage 1 East station. New underground station connecting Frankston and Cranbourne/Pakenham lines.
Level crossing removal (complete): Level crossings removed, precinct redevelopment underway; also SRL Stage 1 station suburb.
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Active developments (11)
26 FRIENDSHIP SQUARE
Under construction~ Likely Eligible
$ – $
10 of 10 available
1234-1236 NEPEAN HIGHWAY
Off the plan~ Likely Eligible
$ – $
126 of 126 available
7-21 STATION ROAD
Off the plan~ Likely Eligible
$ – $
116 of 116 available
152-158 WEATHERALL ROAD
Off the plan~ Likely Eligible
$ – $
17 of 17 available
216-226 CHARMAN ROAD
Off the plan~ Likely Eligible
$ – $
29 of 29 available
19 ELMAN ROAD
Off the plan~ Likely Eligible
$ – $
15 of 15 available
13-15 JELLICOE STREET
Off the plan~ Likely Eligible
$ – $
26 of 26 available
48 STATION ROAD
Off the plan~ Likely Eligible
$ – $
18 of 18 available
12-16 GARFIELD STREET
Off the plan~ Likely Eligible
$ – $
30 of 30 available
12-16 GARFIELD STREET
Off the plan~ Likely Eligible
$ – $
30 of 30 available
12-16 GARFIELD STREET
Off the plan~ Likely Eligible
$ – $
30 of 30 available