Suburb Profile Report for Caulfield North VIC (3161)

Caulfield North House: Median price $1,915,000, Annual capital growth 9.09%, Number of sales 116, Weekly median advertised rent $700

Caulfield North Unit: Median price $585,000, Annual capital growth 5.73%, Number of sales 168, Weekly median advertised rent $400

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

VIC has seen average median house prices change by 8.13% which means that Caulfield North, 3161 has done well for property investors by showing a capital gain of 12.65% over the last year

Caulfield North,3161 was ranked 781 in Australia by increase in median property value over the quarter.

Property buyers and investors in Caulfield North 3161 should be seeing an average reduction in asking price of around -11.20% . This means that Caulfield North is holding prices well when compared to other suburbs in VIC.

Caulfield North has had a quite poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of -2.50% to date .

Taking the average capital gain, or increase in median house value, Caulfield North,3161 has racked up an average of -2.50% over the period. This ranks it number 1194th in the whole country for real estate investors looking at median house price increases.

Caulfield North, 3161 is offering VIC ‘s 213th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this VIC.

Residents and property investors in Caulfield North have been waiting around 70.04 days to sell a property.

Advertised rents are around the $400 mark per week – giving a return of 3.56% based on the median price in Suburb

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
HOUSE UNIT
$1,915,000 $585,000
3.51% -1.68%
12.65% -2.50%
9.09% 5.73%
$700 $400
116 168
1.90% 3.56%
79.06 70.04

Source: CoreLogic

DSR Score for property investment : Above average (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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