Cheltenham Property Market
& Suburb Profile

The suburb's commercial core is dominated by Westfield Southland, one of Melbourne's largest shopping centres, which provides extensive retail, dining, and entertainment options, making the area a key regional hub that attracts both residents and workers.

Despite its commercial activity, Cheltenham retains a strong residential appeal, featuring established, leafy streets and a diverse housing stock that includes traditional family homes, modern townhouses, and apartment complexes, appealing to a wide demographic from young families to professionals and downsizers.

Residents enjoy significant recreational facilities, including the highly regarded Victoria Golf Club and Cheltenham Golf Club, as well as the nearby Bayside trails and reserves. Connectivity is a major strength, with two dedicated train stations, Cheltenham and the recently upgraded Southland Station, on the Frankston line, offering reliable and direct rail access to the city, complemented by a substantial bus network.

Education is well-supported by numerous highly regarded local schools, including Cheltenham Secondary College and various private institutions, which reinforces its appeal to families.

For investors, Cheltenham's strategic location, proximity to the bayside, excellent transport infrastructure, and strong demand driven by its retail and educational hubs make it an consistently robust and high-yield market.