Buyers advocate · Cheltenham

Buyers Agent in Cheltenham, on your side only.

Cheltenham spans Bayside and Kingston, with Cheltenham and Southland stations on the Frankston line, the starting point of the Suburban Rail Loop, and a growing mix of townhouses, apartments and postwar family homes.
★ 4.9 rated on GoogleIndependent, buyer-onlyOne fixed fee, agreed upfront
1 in 2Bought off-market
47Days on average
50+Years combined
REIV memberREBAA accredited memberPIPA memberREIV Awards 2024 finalist
Cheltenham at a glance

Cheltenham: Southland, the Rail Loop and Two Councils

Cheltenham is a large suburb of about ten square kilometres, split between Bayside council on the western side near the golf links and Kingston to the east of the railway line. Most homes date from the postwar boom through to the 1980s, and many original blocks have since been divided for townhouses. Median house prices sit around $1.3 million, with units near $689,500 (REIV, March quarter 2026), which makes Cheltenham one of the more accessible ways into the bayside area.

Transport has improved a great deal. The Charman Road and Park Road level crossings were removed in 2020 with a new station built in a rail trench, Southland station opened in 2017, and the Suburban Rail Loop starts here. A Cheltenham buyers agent has to weigh that infrastructure upside against the construction disruption, apartment supply and road noise that come with it.

Cheltenham market snapshot

  • Median house price (2026): $1.3 million
  • Median unit price: $689,500
  • 12-month change in house price: +0.1%
  • 12-month unit price change: +2.9%
  • Average days on market (houses): 37
  • Auction clearance rate: 77%
  • Median weekly rent (house): $760
  • Unit rent growth (12 months): +9.1%
  • Rental yield (houses): 3.0%
How it works

How we buy in Cheltenham

01

Free strategy call

Thirty minutes on your brief, your budget and the streets and property types that genuinely fit it. No obligation.

02

Search on and off market

We inspect, shortlist and run the due diligence, including homes that sell quietly and never reach the portals.

03

Negotiate or bid, then settle

We set the price strategy, negotiate or bid on your behalf, and manage the contract through to settlement.

Book a free strategy callOne fixed fee, agreed upfront. We act only for the buyer, never the vendor.
Lou LihariFormer selling agent and auctioneer. Leads negotiation and bidding for our clients.
Before you inspect

Picking the Right Side of Cheltenham

The railway line is more than a council boundary. West of it, closer to the bay and the golf courses, streets tend to be quieter and blocks more established. East of it, you are nearer Southland and the industrial land on the suburb’s eastern edge, which can mean trucks, noise and different planning rules. Check which council you are buying in, because subdivision and townhouse controls differ.

Apartments need extra care. Several mid-rise projects have gone up around the activity centre and more are likely as the rail loop arrives, so resale competition for a standard two-bedroom unit can be stiff. Unit rents rose 9.1% over the past year, which helps investors, but scarcity value sits with houses and well-built townhouses on their own title.

Weighing up Cheltenham? We can tell you which side of the line and which streets fit your budget.
Local knowledge

Buying in Cheltenham: a local view

Premium pockets

The streets closer to the bay and the Charman Road village, and the leafier east, are most sought.

Quieter pockets to weigh up

Industrial-edge and main-road pockets near Southland and the rail trade lower.

Hardest stock to secure

A renovated family home on a level block near the village.

A common buyer mistake

Buying purely on Southland convenience without checking the street quiet and the school zone.

Life in Cheltenham

Westfield Southland, the Cheltenham village and the Kingston Heath golf reserves nearby.

School zones in Cheltenham

Cheltenham Primary and local secondary colleges serve the area. Confirm zoning at findmyschool.vic.gov.au.

If Cheltenham is out of reach: Highett, Mentone or Parkdale.

Thinking of buying in Cheltenham?

We take on a limited number of clients at a time, so every brief gets a director’s full attention. Book a free, no-obligation strategy call and we will map out your Cheltenham search together. Book a free strategy call

Buying in Cheltenham: What We Watch For

Cheltenham’s housing has changed quickly. Many postwar blocks have been split into two or three townhouses, and from the street plenty of them look alike. What separates them is often hidden in the paperwork. We check whether the subdivision created a shared driveway or common property, what the owners corporation covers and whether builder warranties are still in place on recent builds. On the east side, we look at what the nearby industrial land is used for and whether trucks use the street. Near the rail trench and the rail loop works, we check construction staging and likely planning changes. The stock we see as undersupplied is the original home still sitting on a full block, west of the line and away from main roads. When one comes up with a sound house and a good aspect, it tends to draw a strong field, so we prepare clients well ahead.

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Connie Caligiuri profile picture
Connie Caligiuri
26 days ago
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Lou was extremely helpful, professional, personable and knowledgeable from the get go. He was responsive throughout the process and gave us the confidence we needed to make informed decisions. My partner and I can’t recommend Lou’s services enough! Thank you Lou!
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Stephanie Evans
28 days ago
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Have dealt with LP Advisory on many occasion being a real estate agent in the Port Phillip area. I have to say Lou is always extremely easy and no fuss to deal with, always having the best intentions for their clients. Lou recently purchased a property through us pre market in South Melbourne. Within 48 hours, his client had viewed, a building inspection had been conducted and we had negotiated with the owner and come to an agreeable price. Happy clients all round so thank you. Steph Evans - Marshall White.
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Kirrily Graham
28 days ago
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The team at LP Advisory are an absolute delight to work with. They have incredible experience, local knowledge and expansive network in the industry. They provide an impeccable service and I was so impressed with their promptness and level of communication. Thanks Lou and Alana, it is a pleasure to work with you!
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Tashi Dorjee
30 days ago
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Genuine, easy to trust , real world market advice. Can't recommend him enough
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Hayley Vo profile picture
Hayley Vo
35 days ago
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I’ve had the pleasure of working with Lou on a number of property matters, and one thing that really stands out is the level of care and attention to detail he puts into the property search for his clients. Lou is extremely knowledgeable. He is always asking questions, clarifying details and making sure he has a thorough understanding of the property so he can properly guide and assist his clients. From a conveyancer’s perspective, it’s really lovely to see the amount of care he takes behind the scenes to ensure his clients are making informed decisions and purchasing the right property for them. I would happily recommend him to anyone looking for an experienced, knowledgeable and genuinely caring buyer’s advocate.
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Dominic Monaco
68 days ago
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I've had the pleasure of getting to know Lou and Alana from LP Advisory and wouldn't hesitate to recommend them. They genuinely put their clients first and are committed to helping buyers make informed property decisions. Their knowledge of the Melbourne market, professionalism and attention to detail are evident in everything they do. They're approachable, honest, responsive and clearly passionate about achieving the best possible outcome for their clients. I have every confidence recommending LP Advisory to anyone looking for a trusted buyer's advocate.
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James Miller profile picture
James Miller
73 days ago
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There are not enough superlatives for what a wonderful job Lou and Alana have done. Looking for a home is stressful enough, especially when you add in the fact I am move interstate, however the LP Advisory team took all the difficult work out of it. I am extremely happy with the service and care I have received, which obviously ranged from sourcing appropriate inspections based on my preferences, then through going to them, giving me amazing advice and suggestions. They are both very professional, very kind and very efficient. Thank you both so very much. I am beyond appreciative and I could not recommend their services enough. If anyone is looking, please look into Lou and Alana. Thanks :)
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Erin Richardson profile picture
Erin Richardson
73 days ago
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I could not recommend Lou, Alana and the LP Advisory Team more highly. They are absolutely the real deal in terms of their local knowledge, price guidance and relationships - it is almost an unfair advantage if you have them on your team. I recently was able to purchase a home far better than anything I would have dreamed of due to the strength of their relationships and negotiating advice. At no point did I ever feel pressured to look at homes which I felt were off brief - they would send me video tours of homes before I even stepped in to make sure that it was only for the highest and best potential homes that I was investing my time. I wasn't fighting with the regular weekend crowds but had the opportunity to view when it suited me. And more than that, I was able to be candid and open in my feedback which was clearly taken back on board and reflected back in the shortlist that was presented back to me. As a business owner making a significant purchase, their commercial nous was unbelievable as was their integrity (they earned their fee four times over) and I feel incredibly fortunate to have worked with them. I was actually recommended them by one of the local Port Melbourne/Albert Park agents who probably regrets introducing us now!
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Janet Free profile picture
Janet Free
74 days ago
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+0
Lou and Alana were absolutely brilliant. Our son lives interstate and we were unfamiliar with local areas in Victoria. Both Lou and Alana were so prompt in returning answers to our questions. Building and pest inspection as well as conveyancing was organised by the team. Dealing with the Vendors agent was done by Lou all the while checking back with us before any action was taken. We flew down and loved the choice. Everything from that moment was completed in two weeks without any problems at all. Our son will now be moving to Victoria thanks to the help of Lou and Alana. Importantly apart from their professional expertise both Lou and Alana are really lovely lovely people. I could not recommend them more highly. Do yourselves a favour and use LP Advisory, you will not regret your decision. Janet and Owen Free.
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Zain Choudhry
75 days ago
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Lou and Alana were absolutely outstanding throughout our entire home buying journey. From organising inspections and accommodating our many (often high maintenance!) requests, right through to making offers, coordinating conveyancing and settlement, they made every step feel seamless. Nothing was ever too much trouble, and they consistently went above and beyond to make sure everything was taken care of. Their communication was excellent, they were incredibly professional, and they were genuinely lovely people to work with. We always felt supported, well informed and confident that they had our best interests at heart. Buying a home can be stressful, but Lou and Alana made the experience so much easier. I couldn’t recommend them more highly to anyone looking for buyer advocates who are knowledgeable, responsive and truly committed to their clients.
Your team

Why Cheltenham Buyers Work With LP Advisory

Cheltenham has more stock than its bayside neighbours, so the risk is less about missing out and more about buying the wrong one. Alana’s due diligence covers council zoning on both sides of the line, rail loop construction areas and owners corporation records for townhouses and apartments. Lou negotiates knowing that a 77% clearance rate and around 37 days on market leave real room for private offers. Sharyn hears about Kingston and Bayside listings before they launch. Our fee is fixed and agreed upfront, so we gain nothing by steering you toward a higher price.

Lou Lihari

Director · Lead buyers agent

Former selling agent and auctioneer. Negotiates and bids for you.

Alana Prideaux

Director of Operations · Licensed agent

Runs due diligence: contracts, Section 32, overlays and building reports.

Sharyn Prideaux

Off-market specialist

Finds the homes that sell quietly, before they reach the portals.

Questions

Buying in Cheltenham: Common Questions

How will the Suburban Rail Loop affect property in Cheltenham?
Over the long term it should improve access, as Cheltenham is the starting point of Suburban Rail Loop East, which runs toward Box Hill. In the near term, tunnelling and station works bring construction traffic and noise around the work sites, and planning changes near the precinct are likely to allow more density. Buyers close to the works should check the project maps and any proposed rezoning first.
Both. Broadly, the western side near the golf links and the bay falls in Bayside, while land east of the railway line and the northern end of Charman Road sits in Kingston. The council affects rates, planning controls and how easily a block can be subdivided, so confirm it from the title or planning certificate rather than the street name.
It depends on budget and plans, but houses on their own land have held their scarcity better. Cheltenham’s unit median is around $689,500 against roughly $1.3 million for houses (REIV, March quarter 2026), so townhouses are often the realistic entry point. Look for low or no owners corporation fees, a usable courtyard and sound construction, and avoid layouts identical to five others nearby.
Cheltenham Secondary College is the local government secondary school, and primaries include Cheltenham Primary, Cheltenham East Primary, Le Page Primary and Kingston Heath Primary, with Our Lady of the Assumption as the Catholic parish primary. Because a split suburb can sit across several zones, look up the exact property at findmyschool.vic.gov.au before committing.
It is one of the stronger bayside options for yield. Houses return a gross yield of around 3.0% on a median weekly rent of $760, and unit rents grew 9.1% over the past year. Westfield Southland, two train stations and the coming rail loop all support rental demand. The main risks are oversupply in new apartment buildings and buying on a busy road.
It helps most when the decision is complex, and Cheltenham has plenty of moving parts: two councils, a major rail project, mixed housing stock and a market where around a quarter of auctions do not clear. A buyers agent can spot listings priced to test the market, negotiate after a passed-in auction and check the planning details that affect resale.
Free 30-minute call

Buying in Cheltenham?

Talk to us before your next inspection or auction. You will come away with a clear view on price, competition and your best next step.

Also buying nearby

How we can help

We act for owner occupiers buying a home to live in, as well as first home buyers, families upsizing, downsizers and property investors.

Some homes change hands before they are ever advertised, so we search off-market property as well as listings. If it goes to auction, we can bid for you. Not sure about the building? Start with a pre-purchase property report.

Moving from interstate or overseas? We run the search and inspections for buyers who are not in Melbourne. Buying for business or super? See our commercial property buyers advocate service.

Selling instead? Our vendor advocates help you pick the right agent and campaign.

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Independent property advice you can trust.

  • ✓  50+ years combined experience
  • ✓  REIV, REBAA & PIPA accredited
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  • ✓  Average 47 days to purchase
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