ABS 2021 Census · Updated 31 March 2026
Cheltenham is an outer-metropolitan suburb of Melbourne, Australia, with a population of approximately 23,992, making it a sizeable community. Located approximately 19 km from the Melbourne CBD, Cheltenham is a outer metro area in Victoria. The median household income is $99,788 AUD per year (ABS 2021 Census).
Strong household incomes in Cheltenham underpin solid property demand.
Map shows Cheltenham, Victoria, Australia.
Official Australia Post postcode for Cheltenham. A postcode may cover multiple suburbs.
Australia Post Postcode Finder →Usual resident population at census night. Source: ABS 2021 Census of Population and Housing.
ABS Census Data →Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.
State Rental Authority →Annual median household income (before tax) for all households. Source: ABS 2021 Census.
ABS Census Data →Straight-line distance from the suburb centroid (ABS 2021 SAL geography) to the nearest capital city CBD. Actual driving distance will be longer.
Estimated 6 schools within or near this suburb based on ABS 2021 data.
Find schools near Cheltenham on My School →Estimated 10 parks and green spaces near this suburb. Source: ABS 2021 data.
Monthly median mortgage repayment for households currently paying off a mortgage. Source: ABS 2021 Census.
ABS Census Data →Proportion of separate houses vs units, townhouses, and other dwelling types. Source: ABS 2021 Census. Relevant for investors assessing rental demand mix.
ABS Census Data →Cheltenham's outer-metropolitan position means more affordable entry points for investors, with potential for capital growth as infrastructure extends outward. Demand is often driven by young families seeking space and value. The median rent of $430/week (ABS 2021) indicates a mid-range rental market. Owner-occupiers face a median mortgage repayment of $2,200/month. The median household income of $99,788/year reflects a solid demographic, supporting sustainable rental demand.
A buy-and-hold approach in Cheltenham could work well with careful property selection and a longer time horizon.
Rental yields in Cheltenham are moderate — screen for properties that offer above-average returns.
Older housing stock in Cheltenham combined with strong buyer demand creates solid renovation upside.
Run the numbers on a Cheltenham property
Scenario comparison, cash flow analysis, tax modelling, and PDF export — all in one place.
Create free account →Growth in Cheltenham through 2026 will likely be steady rather than spectacular, tracking the wider market. Rental demand is expected to be stable, though landlords may need to remain competitive on pricing. Investor sentiment is cautiously optimistic — selective opportunities exist for well-researched buyers.
Cheltenham is a outer metro area in Victoria with a population of 23,992. The median rent is $430/week and the median household income is $99,788/year (ABS 2021 Census). As with any property investment, conduct thorough due diligence on current listings, vacancy rates, and local infrastructure plans before committing.
Key demand drivers in Cheltenham include affordability relative to inner suburbs and expanding infrastructure. 54% of dwellings are separate houses. The area has approximately 6 schools and 10 parks nearby.
According to the ABS 2021 Census, Cheltenham has a population of approximately 23,992. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.
Cheltenham is approximately 19 km straight-line distance from the Melbourne CBD (calculated from ABS 2021 suburb centroid coordinates). This is within comfortable commuting range with good transport links.