Cheltenham · Suburb / Locality

Housing & Dwellings in Cheltenham

Where and how people live — the homes, how they are held, and what they cost.

High costs for both buyers and renters define daily life in Cheltenham, where typical monthly mortgage payments reach $2,200. The area is much more expensive than most similar places, with a housing market that is more costly than the state and national figures.

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📍 Cheltenham, Suburb / Locality

Where Cheltenham sits — Median rent (weekly)

$430 ▲ +38.3%
  • $0–$25: 37 areas
  • $25–$50: 86 areas
  • $50–$75: 199 areas
  • $75–$100: 214 areas
  • $100–$125: 525 areas
  • $125–$150: 343 areas
  • $150–$175: 699 areas
  • $175–$200: 597 areas
  • $200–$225: 1183 areas
  • $225–$250: 724 areas
  • $250–$275: 1277 areas
  • $275–$300: 787 areas
  • $300–$325: 1282 areas
  • $325–$350: 618 areas
  • $350–$375: 935 areas
  • $375–$400: 570 areas
  • $400–$425: 763 areas
  • $425–$450: 288 areas
  • $450–$475: 415 areas
  • $475–$500: 176 areas
  • $500–$525: 204 areas
  • $525–$550: 79 areas
  • $550–$575: 125 areas
  • $575–$600: 70 areas
  • $600–$625: 97 areas
  • $625–$650: 21 areas
  • $650–$675: 54 areas
  • $675–$700: 145 areas

All suburb / locality areas, 2021. The marker is Cheltenham — higher than 87% of areas.

Median rent (weekly) compared with the state and national average
Cheltenham$430
3192, VIC $430
Victoria $370
Australia $375

Housing costs

Rents, mortgages and crowding.

Typical weekly rent is $430, which is much higher than most areas and a little above the national figure of $375. Home loans are also costly here, with 27.9% of households paying $3,000 or more each month.

$430 ▲ +38.3%

Higher than 87% of suburb / locality areas.

  • 2011: $311
  • 2016: $365
  • 2021: $430

Median weekly rent paid by households renting their home.

$2,200 ▲ +12.8%

Higher than 81% of suburb / locality areas.

  • 2011: $1,950
  • 2016: $2,000
  • 2021: $2,200

Median monthly mortgage repayment for households with a mortgage.

Weekly rent distribution

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In Cheltenham, $350–$549 is the majority at 55%; $550–$749 is next at 18%.

Monthly mortgage distribution

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In Cheltenham, the largest group is $1,800–$2,999 at 37%, followed by $3,000 or more (30%) and $1,000–$1,799 (21%).

Owning & renting

How homes are owned or rented.

About 37.2% of homes are owned with a mortgage, while 32.8% are owned outright. The 27.1% of households that rent is much higher than in most similar areas, though this is well below the Australian figure of 30.6%.

27.1% ▲ +18.5%

Higher than 74% of suburb / locality areas.

  • 2011: 22.8%
  • 2016: 24.9%
  • 2021: 27.1%

Share of occupied private dwellings that are rented.

32.8% ▼ -16.7%

Lower than 72% of suburb / locality areas.

  • 2011: 39.4%
  • 2016: 34.8%
  • 2021: 32.8%

Share of occupied private dwellings owned outright (no mortgage).

How homes are owned or rented

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Cheltenham splits fairly evenly between Owned with a mortgage (37%) and Owned outright (33%), with Rented at 27%.

Types of homes

Houses, townhouses, apartments and bedrooms.

Separate houses are far less common here than across Australia, making up only 58.5% of homes. This is reflected in the mix of dwellings, where 42.7% of homes have three bedrooms and 29.9% have two.

0.80 ▼ -27.3%

Lower than 57% of suburb / locality areas.

  • 2011: 1.10
  • 2016: 0.90
  • 2021: 0.80

Average number of usual residents per bedroom — a crowding measure.

58.5% ▼ -15.0%

Lower than 90% of suburb / locality areas.

  • 2011: 68.8%
  • 2016: 60.8%
  • 2021: 58.5%

Share of occupied private dwellings that are separate houses.

65.5% ▼ -2.5%

Lower than 79% of suburb / locality areas.

  • 2011: 67.2%
  • 2016: 66.5%
  • 2021: 65.5%

Share of occupied private dwellings with three or more bedrooms.

Types of homes

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In Cheltenham, Separate house is the majority at 58%; Townhouse / semi-detached is next at 23%.

Bedrooms per home

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In Cheltenham, the largest group is 3 bedrooms at 43%, followed by 2 bedrooms (30%) and 4 bedrooms (19%).

Sources

  • Census of Population and Housing — Australian Bureau of Statistics, 2021 (CC BY 4.0).

More for Cheltenham

Cite this page

Australian Bureau of Statistics. (2021). Housing & Dwellings in Cheltenham [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sal/SAL20539/cheltenham/topic/housing-dwellings