Last weekend Australian Property Monitors reported median price rises for Sydney suburbs over the year to 30 September. Beecroft rose 4.9%, Cheltenham rose 8.2%. Not spectacular, but well above the average for Sydney suburbs. For all of the 73 Upper North Shore suburbs, only Marsfield (13.6%) did better than Cheltenham, and only eight did better than Beecroft.
When evaluating Median Price Rises, it is important to know what building and renovating took place in the suburb during the period. For instance maybe Marsfield had a complete new development of very expensive houses come on the market and sell during the year. This would increase the median price of properties sold, but would not affect the sale expectation for any existing house there.
But with Beecroft and Cheltenham there is no very obvious factor influencing the good result other than that it is an increasingly popular area to live.
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