Caulfield North is in the TOP 30% in VIC when comparing median price capital growth over the last year. Caulfield North gave property investors a good capital gain figure when compared to the rest of the state, with 14.65%.
If we look at median property appreciation over just the last three months, Caulfield North has given property investors a paper return of 1.43%. This puts Suburb as 417 on a list of fastest fasting appreciating suburbs in VIC
LACK OF BUYER INTEREST may well be the reason that Caulfield North is offering property investors an average of -5.87. This rate of discount on properties puts Suburb at number 18th in terms of most discounted suburbs in VIC
Often selling an investment property can take time, and in Caulfield North the average time real estate has been on the market is 53.5 days.
Investment property in Caulfield North has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -9.17%
Caulfield North,3161 has offered an average of -9.17% return per annum in house price rises to property investors over the last three years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Caulfield North, 3161. Typically our figures indicate that -5.67% is being offered, which puts this VIC suburb at 565th most discounted overall in Australia.
Renters in Suburb are facing rents around $5280 per annum or $440 every week.
Close to the CBD and surrounded by parks, prestigious schools and outstanding public transport, Caulfield North is one of the most established and popular areas of Melbourne suburbia.Full summary
Information supplied by:
Gary Peer & Associates
0414 532 778
03 9526 1999
Selling points: Caulfield North is situated close to the city (9km), surrounded by public transport, outstanding shopping strips, fine parks and some of Melbourne’s most prestigious schools. It is a very established and popular area.
Most sought after properties: Family homes on good blocks are tightly held and very sought after . Apartments in and around $400K-$600K are in hot demand.
Most common properties: There is an interesting mix of all eras. Some old Victorian and Edwardian homes have been retained and many have been well restored, there are many brand new homes and stylish developments. In Elsternwick many homes and streets are heritage protected ensuring period style homes are retained.
Local industry and business: There are many offices, shops and restaurants. Factories are almost non-existent in this area.
Recent changes: Main roads have been “green lighted” for high density development – which is prolific. Outside of this there are a few boutique developments and plenty of home improvement/renovations.
Best streets: In Elsternwick leafy Elizabeth Street and St Georges Road are the prestige addresses. They both are home to huge period homes. In Caulfield North – Howitt Road is considered the area’s best with modern mansions on huge allotments. Findon Avenue, Cantala Avenue and Waiora Road border the exclusive suburb of Armadale and are also highly rated as are the streets surrounding Howitt Road (Lumeah Road, Aroona Road).
Public transport: OUTSTANDING – Trams, a number of rail stations and buses all brilliantly service the area.
Main arteries: The beach is easily accessible by travelling west through St Kilda and Elwood. The city is also easy to get to (approx. 15 minute drive).