Artist impression
Storre Cheltenham
Entry price
$140k–$1.25m
from / to
Gross yield
6.22%
operator-set rent estimate
Suburb unit median
$705k
VGV 2024
Entry vs median
—
sizes not comparable
Off the plan
Price list
| Unit | Level | Type | Area (m²) | Parking | Price | Yield | Actions |
|---|
Suburb intelligence
Cheltenham unit median $793k
Quarter
▲ 4.3%
Year
▲ 6.4%
Gross yield4.0%
Median rent$610/wk
Clearance79%Metro 69%
Days on market37Metro 42
By bedroom
5-year trajectory · CHELTENHAM units
REIV · 2021 Q1 → 2026 Q1
CHELTENHAM$750kMetro Melbourne$660k
REIV, Middle Melbourne · Mar-26 quarter
$6,250 – $10,769/m²
size-normalised across the bedroom mix
+$19k over 10 yrs
new build vs established, after tax · run the numbers ↗
VGV Cheltenham unit median · new-build calc: VIC · 37% bracket · 20% deposit · 6.5% interest · 4.2% yield · 7% growth · 10-yr hold.
Who lives here
Population
23,992
Median age
40
VIC: 38
Household income
$1,919
+9% vs VIC
Labour force
65.3%
VIC: 62.4%
Age profile: the 25-34 cluster
CheltenhamVictoria
18%
10%
13%
16%
14%
11%
9%
10%
Project documents
Brochures
Contracts