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Sales Activity
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Population
Highett (West) - Cheltenham lies within the top quartile of areas nationally for population growth performance according to AreaSearch analysis of recent, and medium to long-term trends
Highett (West) - Cheltenham's population was around 13,171 as of November 2025. This figure reflects an increase of 732 people since the 2021 Census, which reported a population of 12,439. The change is inferred from ABS estimated resident population data of 13,161 in June 2024 and additional validated new addresses since the Census date. This equates to a density ratio of 2,475 persons per square kilometer, placing Highett (West) - Cheltenham in the upper quartile relative to national locations assessed by AreaSearch. The area's growth of 5.9% since the 2021 census exceeded the SA3 area's growth of 5.4%. Population growth was primarily driven by overseas migration contributing approximately 75.2% of overall population gains during recent periods.
AreaSearch adopts ABS/Geoscience Australia projections for each SA2 area, released in 2024 with a base year of 2022. For areas not covered, AreaSearch utilises VIC State Government's Regional/LGA projections released in 2023, adjusted employing weighted aggregation methods from LGA to SA2 levels. Growth rates by age group are applied across all areas for years 2032 to 2041. Future population trends indicate a significant increase in the top quartile of national statistical areas, with Highett (West) - Cheltenham expected to expand by 4,109 persons to 2041 based on latest population numbers, recording a gain of 30.6% in total over the 17 years.
Frequently Asked Questions - Population
Development
AreaSearch assessment of residential development activity positions Highett (West) - Cheltenham among the top 25% of areas assessed nationwide
Highett West-Cheltenham has seen approximately 153 dwelling approvals per year over the past five financial years, totalling 766 homes. As of FY26, 12 approvals have been recorded. On average, one person moves to the area annually for each dwelling built between FY21 and FY25, indicating supply meeting or exceeding demand. The average construction cost value is $496,000, suggesting a focus on premium segment properties.
Commercial development approvals this year amount to $11.8 million, demonstrating moderate commercial activity. Compared to Greater Melbourne, Highett West-Cheltenham shows elevated construction levels (26.0% above the regional average per person over five years). New building activity comprises 15.0% standalone homes and 85.0% medium-high density housing, reflecting reduced development site availability and shifting lifestyle demands. The area currently has a low-density characteristic with around 56 people per dwelling approval. Future projections estimate an addition of 4,036 residents by 2041, aligning with current development levels to maintain stable market conditions without significant price pressures.
Future projections show Highett (West) - Cheltenham adding 4,036 residents by 2041. Existing development levels seem aligned with future requirements, maintaining stable market conditions without significant price pressures.
Frequently Asked Questions - Development
Infrastructure
Highett (West) - Cheltenham has very high levels of nearby infrastructure activity, ranking in the top 10% nationally
Changes in local infrastructure significantly impact an area's performance. AreaSearch has identified 28 projects likely to affect the region. Notable initiatives include 91 McKinnon Road Development, Highett Common, Banksia Apartments Cheltenham, and Highett Common. The following list details those expected to have the most relevance.
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INFRASTRUCTURE SEARCH
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Frequently Asked Questions - Infrastructure
Suburban Rail Loop East - Cheltenham Station
Major underground metro station as part of the Suburban Rail Loop East project (26km fully automated orbital metro line). The station will be the southern gateway to the SRL network, located about 17m below ground under part of Sir William Fry Reserve. It will be an interchange point for the existing Frankston line and will include a new bus interchange, improved walking/cycling connections, and potential retail tenancies. Construction is underway, with tunnel boring machines to launch in 2026. The station is scheduled to open in 2035 and is expected to serve 70,000 daily trips on SRL East, with around 8,000 passengers using the Cheltenham station daily. The new pedestrian and cyclist bridge over Bay Road will connect the SRL station to Southland Shopping Centre and Southland Station.
Highett Common
Victoria's first Net Zero community and one of Australia's largest urban renewal projects on the former CSIRO Highett site (9.3 ha). Masterplanned by Sunkin Property Group with ClarkeHopkinsClarke architects, the $600m+ precinct will deliver 1,048 residences across 14 buildings (2-8 storeys), 4 ha of public open space and conservation area, a new public library, maternal and child health centre, community hub and extensive native vegetation regeneration. All buildings are all-electric with rooftop solar and EV charging infrastructure. Construction commenced 2023; Stage 1 (Buildings A & B - 196 apartments) is due for completion mid-2026 with first residents moving in from late 2025/early 2026. Stages 2-4 are progressing through detailed planning and approvals, full completion expected 2029-2030.
Highett Common
A major urban renewal project on the former CSIRO site, featuring 1022 dwellings across 14 buildings, 4 hectares of conserved open space including a 3-hectare conservation area and 1-hectare public park. Victoria's first Net Zero Community featuring all-electric homes, solar panels, EV charging, and extensive resident amenities including pools, gyms, wellness hubs, and a public library.
McKinnon Station Level Crossing Removal
Level crossing removal project completed in 2018 featuring new McKinnon Station with modern facilities and improved accessibility. Part of Victoria's Level Crossing Removal Project improving safety and reducing traffic congestion.
Sanctuary Sandringham
Major mixed-use development at 248-250 Bay Road featuring 71 apartments and 4 townhouses. Contemporary design with marble finishes and European oak flooring.
ALIA McKinnon
A landmark 30-residence apartment development featuring McKinnon's tallest multi-residential building with panoramic city, bay and Dandenong Ranges views. Designed by Bruce Henderson Architects with luxury amenities including stone benchtops, Asko appliances, and European oak flooring.
Highett Gasworks
Redevelopment of a 6.3-hectare former gasworks into a mixed residential precinct coordinated with SRL East Cheltenham precinct planning. The project aims to deliver a diverse housing mix with around 10% affordable housing, public open space, and improved walking and cycling links, while retaining the heritage brick chimney. Buildings generally range from two to eight storeys per the exhibited master planning intent.
Banksia Apartments Cheltenham
Contemporary urban living development at 216-226 Charman Road, Cheltenham. Luxury apartments in heart of growing suburb near Beaumaris.
Employment
Highett (West) - Cheltenham has seen below average employment performance when compared to national benchmarks
Highett West - Cheltenham has an educated workforce with strong professional services representation and an unemployment rate of 5.0% as of June 2025. There are 7,422 residents employed, with an unemployment rate 0.4% higher than Greater Melbourne's rate of 4.6%.
Workforce participation is high at 69.3%, compared to Greater Melbourne's 64.1%. Key employment industries include professional & technical services, health care & social assistance, and education & training. The area specialises in professional & technical services with an employment share 1.3 times the regional level, but has lower representation in transport, postal & warehousing at 2.8% compared to the regional average of 5.2%. Many residents commute elsewhere for work.
In the year ending June 2025, labour force increased by 1.4%, while employment declined by 0.6%, leading to a rise in unemployment rate by 1.9 percentage points. In contrast, Greater Melbourne saw employment rise by 3.5% and unemployment increase by 0.5 percentage points. National employment forecasts from Jobs and Skills Australia, released in May 2025, project national employment growth of 6.6% over five years and 13.7% over ten years. Applying these projections to Highett West - Cheltenham's employment mix suggests local growth of approximately 6.9% over five years and 13.9% over ten years.
Frequently Asked Questions - Employment
Income
Income metrics indicate excellent economic conditions, with the area achieving higher performance than 75% of national locations assessed by AreaSearch
AreaSearch's latest postcode level ATO data for financial year 2022 shows Highett (West) - Cheltenham has high incomes. The median assessed income is $63,114 and the average is $83,700. This contrasts with Greater Melbourne's median of $54,892 and average of $73,761. Based on Wage Price Index growth of 12.16% since financial year 2022, current estimates would be approximately $70,789 (median) and $93,878 (average) as of September 2025. According to the 2021 Census, Highett (West) - Cheltenham's incomes rank highly nationally, between the 81st and 83rd percentiles for households, families, and individuals. Income distribution shows that 27.3% of residents earn $1,500-$2,999 weekly (3,595 people), similar to the broader area at 32.8%. Notably, 38.2% earn above $3,000 weekly. High housing costs consume 16.0% of income, but strong earnings place disposable income at the 82nd percentile nationally. The area's SEIFA income ranking places it in the 9th decile.
Frequently Asked Questions - Income
Housing
Highett (West) - Cheltenham displays a diverse mix of dwelling types, with a higher proportion of rental properties than the broader region
Highett (West) - Cheltenham's dwelling structure, as per the latest Census, consisted of 61.7% houses and 38.3% other dwellings. In comparison, Melbourne metro had 62.6% houses and 37.4% other dwellings. Home ownership in Highett (West) - Cheltenham was at 30.4%, with mortgaged dwellings at 42.3% and rented ones at 27.3%. The median monthly mortgage repayment was $2,500, below Melbourne metro's average of $3,000. The median weekly rent was $450, compared to Melbourne metro's $520. Nationally, Highett (West) - Cheltenham's mortgage repayments were higher than the Australian average of $1,863, and rents were above the national figure of $375.
Frequently Asked Questions - Housing
Household Composition
Highett (West) - Cheltenham has a typical household mix, with a fairly typical median household size
Family households constitute 71.9% of all households, including 36.9% couples with children, 22.6% couples without children, and 11.6% single parent families. Non-family households account for the remaining 28.1%, with lone person households at 25.6% and group households comprising 2.6%. The median household size is 2.5 people, which aligns with the Greater Melbourne average.
Frequently Asked Questions - Households
Local Schools & Education
Highett (West) - Cheltenham demonstrates exceptional educational outcomes, ranking among the top 5% of areas nationally based on AreaSearch's comprehensive analysis of qualification and performance metrics
Highett (West) - Cheltenham has a higher educational attainment than national and state averages. 43.5% of its residents aged 15 and above have university qualifications, compared to Australia's 30.4% and Victoria's 33.4%. Bachelor degrees are the most common at 28.7%, followed by postgraduate qualifications (10.3%) and graduate diplomas (4.5%). Vocational credentials are also prominent, with 26.5% of residents holding such qualifications, including advanced diplomas (12.4%) and certificates (14.1%).
Educational participation is high, with 30.5% of residents currently enrolled in formal education. This includes 10.6% in primary education, 8.1% in secondary education, and 5.6% pursuing tertiary education. The area's three schools have a combined enrollment of 550 students. Highett (West) - Cheltenham has significant socio-educational advantages and academic achievement, with an ICSEA score of 1111. Education provision is balanced, with two primary schools and one secondary school serving distinct age groups. However, local school capacity is limited at 4.2 places per 100 residents compared to the regional average of 14.5, leading many families to travel for schooling.
Frequently Asked Questions - Education
Schools Detail
Nearby Services & Amenities
Transport
Transport servicing is high compared to other areas nationally based on assessment of service frequency, route connectivity and accessibility
The analysis of public transport in Highett (West) - Cheltenham shows that there are 77 active transport stops operating. These stops offer a mix of train and bus services, with 16 individual routes providing a total of 4,051 weekly passenger trips. The accessibility to these transport services is rated as excellent, with residents typically located just 157 meters from the nearest stop.
On average, there are 578 trips per day across all routes, which equates to approximately 52 weekly trips per individual stop.
Frequently Asked Questions - Transport
Transport Stops Detail
Health
The level of general health in Highett (West) - Cheltenham is notably higher than the national average with prevalence of common health conditions low among the general population and nearer the nation's average across older, at risk cohorts
Highett West - Cheltenham exhibits better-than-average health outcomes. The prevalence of common health conditions is low among its general population and closer to national averages among older, at-risk groups. Approximately 61% of Highett West - Cheltenham's total population (8,073 people) has private health cover, compared to Greater Melbourne's 78.5%.
Nationally, this figure stands at 55.3%. The most prevalent medical conditions are asthma and mental health issues, affecting 8.0% and 7.8% of residents respectively. A total of 71.8% of residents report no medical ailments, similar to Greater Melbourne's 72.0%. Highett West - Cheltenham has a lower proportion of seniors aged 65 and over at 15.9% (2,096 people) compared to Greater Melbourne's 22.9%. However, health outcomes among seniors require more attention than the broader population.
Frequently Asked Questions - Health
Cultural Diversity
Highett (West) - Cheltenham was found to be more culturally diverse than the vast majority of local markets in Australia, upon assessment of a range of language and cultural background related metrics
Highett West-Cheltenham had a higher cultural diversity than most local areas, with 18.4% of residents speaking a language other than English at home and 28.8% born overseas. Christianity was the dominant religion in Highett West-Cheltenham, accounting for 43.7%. However, Judaism's representation stood out at 1.3%, higher than Greater Melbourne's 0.9%.
The top three ancestry groups were English (26.2%), Australian (22.7%), and Irish (9%). Notably, Russian (0.9% vs regional 0.4%), Hungarian (0.5% vs regional 0.4%), and Polish (1.1% vs regional 1.4%) groups were overrepresented compared to the region.
Frequently Asked Questions - Diversity
Age
Highett (West) - Cheltenham's population is slightly older than the national pattern
Highett (West) - Cheltenham has a median age of 40, which is slightly higher than Greater Melbourne's figure of 37 and Australia's national average of 38 years. The 45-54 age cohort is notably over-represented in Highett (West) - Cheltenham at 15.8%, compared to the Greater Melbourne average. Meanwhile, the 25-34 year-olds are under-represented at 10.3%. Between 2021 and present, the 15-24 age group has increased from 10.9% to 12.4%, while the 75-84 cohort has grown from 4.6% to 5.8%. Conversely, the 5-14 age group has declined from 13.8% to 12.6%. By 2041, demographic modeling suggests that Highett (West) - Cheltenham's age profile will significantly evolve, with the 45-54 age cohort projected to expand by 768 people, increasing from 2,077 to 2,846.