Cheltenham Property Market
& Suburb Profile

The suburb is defined by its impressive scale, high-quality amenities, and a strategic location that places residents within minutes of both the Port Phillip Bay coastline and some of the world’s most prestigious golf courses.

The lifestyle in Cheltenham is anchored by Westfield Southland, one of Australia’s largest shopping and entertainment complexes, which serves as a regional hub for fashion, dining, and cinema. Beyond the retail precinct, the suburb is famous for its "Sandbelt" heritage, bordering elite clubs like Victoria Golf Club and the Cheltenham Golf Club. Residents enjoy extensive green spaces, including the historic Cheltenham Park and the Sir William Fry Reserve, which hosts popular community events and farmers' markets. The suburb also boasts a diverse culinary scene along Charman Road, where independent cafes and specialty grocers create a lively, village-style atmosphere.

Education is a significant driver of demand in the area, with the suburb offering a wide range of reputable options such as Cheltenham Primary School, Cheltenham East Primary, and Cheltenham Secondary College. It is also well-positioned to access prestigious private schools in neighbouring Beaumaris and Mentone.

Public transport is a major asset, with both Cheltenham and Southland railway stations on the Frankston line providing rapid and frequent rail links to the city. The suburb is also a key node for the future Suburban Rail Loop East, which will establish Cheltenham as a primary transport "super-hub," eventually connecting the bayside region directly to Monash, Glen Waverley, and Box Hill.

From a property perspective, Cheltenham is a resilient and high-performing market characterised by its variety. The housing stock includes beautifully preserved mid-century family homes on generous allotments, modern architectural residences, and an increasing supply of high-end apartments and townhouses near the transport corridors.

The suburb maintains a high rate of owner-occupation and a strong community spirit, supported by extensive healthcare facilities including the Kingston Centre. Its combination of transport connectivity, world-class retail, and proximity to the beach ensures that it remains one of Melbourne's most consistent and desirable residential enclaves.