If you compare the increase in value of investment property in Caulfield North, 3161 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 13.41%.
The five-year average increase in median property values for Caulfield North,3161 has given property investors a potential capital gain of 53.95% across each of those five years.
The most recent median price for Caulfield North is $1970500, with sellers offering an average of -11.20% off the asking price.
In the last year 113 properties changed hands in Caulfield North, which puts it as the 227th most active market in VIC when comparing the number of sales per suburb.
Property investors should expect to get $700 weekly from the median priced house in this suburb.
If you compare the increase in value of investment property in Caulfield North, 3161 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was -5.25%.
If we look at median property appreciation over just the last three months, Caulfield North has given property investors a paper return of -6.05%. This puts Suburb as 336 on a list of fastest fasting appreciating suburbs in VIC
Vendor discounting in Caulfield North is giving property investors an average Vendor Discount of around -5.02%. This puts suburb at number 157th in VIC when ranking the most discounted suburbs.
Caulfield North, 3161’s gross rental yield is 3.72%
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).