Caulfield North is an average performer in VIC when comparing median price capital growth over the last year. Caulfield North gave property investors a average capital gain figure when compared to the rest of the state, with 11.25%.
Comparing Caulfield North,3161 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
The most recent median price for Caulfield North is $2202750, with sellers offering an average of -4.79% off the asking price.
Often selling an investment property can take time, and in Caulfield North the average time real estate has been on the market is 59.64 days.
Caulfield North, 3161’s gross rental yield is 1.62%
Caulfield North is in the bottom 20% in VIC when comparing median price capital growth over the last year. Caulfield North gave property investors a dismal capital gain figure when compared to the rest of the state, with -2.59%.
When looking at the potential capital gains offered to property investors over the last 3 years, Caulfield North comes in at number 273th in VIC.
Vendor discounting in Caulfield North is giving property investors an average Vendor Discount of around -8.09%. This puts suburb at number 14th in VIC when ranking the most discounted suburbs.
Property investors should expect to get $449 weekly from the median priced house in this suburb.
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).