Cheltenham experienced fastest stock increase in Victoria

Cheltenham ranked as the suburb in Victoria with the biggest stock increase, according to Investar.

Investar suggests its growth in sales stock is up to 144%, from 18 houses this time last year to its current 44 offerings. 

The suburb's median house price sits on 1.1 million, according to CoreLogic. 

A brand new Chltenham offering currently on the market is a three bedroom priced at $950,000 to $1.04 million (pictured below).

Situated at 10 Regent Parade, the home comes with three bedrooms, a large light-filled lounge, a bright kitchen, and family zone.

Extra features include ducted heating, air-conditioning, a laundry plus double garage, shed and generous gardens.

Set on a well-established approximately 596 square metre block, it is close to  Southland Shopping centre and a range of transport options.

Another Cheltenham dual-level house was sold for $1.16 million last year (pictured below).

The 106 Cavanagh Street home features three bedrooms, open plan living/dining, designer kitchen and a large deck.

Positioned on a compact block within the Cheltenham Secondary zone, it is close to Cheltenham East Primary, Southland, transport, parklands and sporting facilities.