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
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).