Suburb Profile Report for Caulfield North VIC (3161)

Caulfield North House: Median price $2,025,000, Annual capital growth 8.93%, Number of sales 122, Weekly median advertised rent $695

Caulfield North Unit: Median price $543,000, Annual capital growth 4.20%, Number of sales 197, Weekly median advertised rent $433

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Caulfield North, 3161 ranked 219th in VIC when comparing growth in median property values or capital gain over the last 12 months. Caulfield North is one of 2098 in our list for VIC

If we look at median property appreciation over just the last three months, Caulfield North has given property investors a paper return of 2.74%. This puts Suburb as 268 on a list of fastest fasting appreciating suburbs in VIC

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.00% offered to property buyers. Sellers in Caulfield North itself are offering an average vendor discount of -14.24% to real estate investors.

With the median price for a house in Caulfield North being $2025000 and the advertised rent reaching $695 the gross rental yield for property investors calculates out to be 1.78%

Caulfield North, 3161 ranked 355th in VIC when comparing growth in median property values or capital gain over the last 12 months. Caulfield North is one of 2098 in our list for VIC

Caulfield North,3161 was ranked 1373 in Australia by increase in median property value over the quarter.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.08% offered to property buyers. Sellers in Caulfield North itself are offering an average vendor discount of -6.42% to real estate investors.

The VIC suburb of Caulfield North, 3161 is in the Glen Eira local government area.

Gary Peer Information supplied by:

Gary Peer
Gary Peer & Associates

M 0414 532 778
O 03 9526 1999

W www.garypeer.com.au
E garyp@garypeer.com.au
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

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).

Close
Metrics i HOUSE UNIT
$2,025,000 $543,000
2.74% -2.51%
12.06% -13.47%
8.93% 4.20%
$695 $433
122 197
1.78% 4.14%
69.6 68

Source: CoreLogic

DSR Score for property investment : Balanced (U), Good (H)
Find a mortgage broker in Caulfield North VIC
Demographics
Total population 14553
Median household income ($/weekly) 1735
Median age of persons 37
Median housing loan repayment ($/monthly) 2210
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 1497 10.3
    25-34 years 2442 16.8
    35-44 years 1900 13.1
    45-54 years 1787 12.3
    55-64 years 1782 12.2
    Others 5147 35.4
    Age Group
    Census Count Percent(%)
    Registered Married 5330 48.6
    Not Married 4796 43.8
    Defacto Relationship 834 7.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 8521 62.5
    Poland 493 3.6
    South Africa 496 3.6
    United Kingdom 487 3.6
    Other 1636 12.0
    Others 2001 14.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 213 1.6
    Christianity 3388 25.9
    Hinduism 262 2.0
    Judaism 6522 49.8
    No Religion 2573 19.6
    Others 148 1.1
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 554 11.3
    $2,000-$2,499 414 8.4
    $2,500-$2,999 632 12.9
    $3,000-$3,499 385 7.8
    $4,000 or more 500 10.2
    Others 2420 49.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 4492 39.4
    Not in the labour force 3672 32.2
    Employed, worked part-time 2452 21.5
    Employed, away from work 441 3.9
    Unemployed, looking for work 334 2.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 1257 17.0
    Professionals 2935 39.7
    Community & personal service workers 542 7.3
    Clerical & administrative workers 1014 13.7
    Sales 659 8.9
    Others 981 13.3
    Occupation
    Census Count Percent(%)
    Pre-school 261 7.2
    Infants/Primary 954 26.5
    Secondary 838 23.3
    Technical or Further Educational Institution 188 5.2
    University or other Tertiary Institutions 1244 34.5
    Others 117 3.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7569 56.5
    Flat, unit or apartment 3618 27.0
    Semi-detached, row or terrace house, townhouse 2185 16.3
    House or flat attached to a shop, office 22 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 2001 37.3
    Rented 1902 35.5
    Being purchased 1405 26.2
    Other tenure type 54 1.0
    Tenure Type
Census 2011, ABS
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