Investment property in Caulfield North has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 15.43%
Caulfield North,3161 was ranked 1310 in Australia by increase in median property value over the quarter.
At number 5th of VIC’s most discounted properties, Caulfield North is in the bottom 10% of the state/territory when listing in order of most discounted to least.
Caulfield North is 602th on a list of best yielding suburbs for rents in VIC with a 1.64% return
Caulfield North, 3161 ranked 337th 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
Over the longer term, Caulfield North has seen property prices show investors a 1.85% return over the last 3 years. This is worse than over the last 12 months
Property investors looking for a bargain in Caulfield North should be aiming for at least -5.55% off the asking price, which is the average vendor discount being achieved at the moment.
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).