Property value increases in Caulfield North have tracked just higher than the VIC average of 8.06% over the last 12 months.
If we look at median property appreciation over just the last three months, Caulfield North has given property investors a paper return of 2.51%. This puts Suburb as 328 on a list of fastest fasting appreciating suburbs in VIC
Property buyers and investors in Caulfield North 3161 should be seeing an average reduction in asking price of around -14.24% . This means that Caulfield North is holding prices well when compared to other suburbs in VIC.
Residents and property investors in Caulfield North have been waiting around 72.64 days to sell a property.
Situated 8.10km from the CBD, Caulfield North is one of Glen Eira localities in the postcode 3161.
Property investors who have had real estate in Caulfield North, 3161 should be unhappy with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -11.48%
Over the longer term, Caulfield North has seen property prices show investors a -0.74% return over the last 3 years. This is worse than over the last 12 months
LACK OF BUYER INTEREST may well be the reason that Caulfield North is offering property investors an average of -5.12. This rate of discount on properties puts Suburb at number 72th in terms of most discounted suburbs in VIC
Advertised rents are around the $430 mark per week – giving a return of 4.14% 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).