With a capital gain of 10.20% for the last 12 months, Caulfield North, 3161 has performed for property investments than its average annual 9.14% property growth over the last 5 years.
Taking the average capital gain, or increase in median house value, Caulfield North,3161 has racked up an average of 10.20% over the period. This ranks it number 314th in the whole country for real estate investors looking at median house price increases.
Sellers are offering property buyers an average discount of -13.93% to buyers in Caulfield North at the moment, which is less than average for the rest of VIC.
At number 1278 in a list of fastest selling suburbs, Caulfield North is in the TOP 40% of suburbs in Australia with an average of days on market 64 for properties listed there.
Advertised rents are around the $700 mark per week – giving a return of 1.69% based on the median price in Suburb
Investment property in Caulfield North has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -5.88%
Comparing Caulfield North,3161 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Sellers are offering property buyers an average discount of -8.35% to buyers in Caulfield North at the moment, which is less than average for the rest of VIC.
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).