Cheltenham shows solid investment fundamentals worth investigating further. With a vacancy rate of just 0.8%, rental properties in Cheltenham are being absorbed rapidly by tenants — a clear signal of demand significantly exceeding supply. Days on market at 29 days suggest reasonable market activity.
Steady price growth of 8.5% over the past 12 months indicates a stable market with moderate appreciation. With a rental yield of 5%, income returns are above the national average. Building approvals in the area have declined 1.8% over the past 12 months, limiting future supply and supporting property values.
PropTime's composite model scores Cheltenham at 72/100, indicating good signal fundamentals with some factors to monitor.
Cheltenham is particularly suited to cashflow-focused investors. The 5% rental yield is above the national average, offering solid income potential.
Based on PropTime's analysis of 15 demand and supply indicators, Cheltenham scores 72/100 — a Good Signal signal. Key indicators include a 0.8% vacancy rate, 5% rental yield, and 8.5% price growth over the past 12 months. Create a free PropTime account to see the complete 15-factor breakdown and cashflow calculator pre-filled with Cheltenham data.
The current vacancy rate in Cheltenham is 0.8%. This is below 1%, indicating very tight rental demand. Properties are being leased quickly and tenants are competing for available rentals.
The gross rental yield in Cheltenham is 5%. The Australian national average is approximately 4.5%, so Cheltenham is above average — a positive sign for cashflow investors. Use PropTime's free cashflow calculator to model the full weekly cashflow for Cheltenham.
PropTime's composite model scores Cheltenham at 72/100 as of May 2026. Price growth of 8.5% over the past 12 months reflects current market conditions. Create a free PropTime account to access the full 15-factor analysis for Cheltenham.
Cheltenham scores 72/100 on PropTime. Similar suburbs by score include Gepps Cross, Northgate, Croydon, all within the same SA market.