Giving property investors a a stable capital gain of 6.83% for the last year, Caulfield North, 3161 is the 1544th highest performer in Australia in this respect.
Comparing Caulfield North,3161 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Caulfield North3161 is located in VIC which offers an average discount of -6.04% to property investors. Caulfield North itself is showing figures that indicate -9.74% is the average achievable by property buyers investing in the suburb.
In the last year 118 properties changed hands in Caulfield North, which puts it as the 209th most active market in VIC when comparing the number of sales per suburb.
Advertised rents are around the $699.5 mark per week – giving a return of 1.89% based on the median price in Suburb
At number 1493th in the list of Australian suburbs ordered by increase in median house value over the last year, Caulfield North, 3161 is in the BOTTOM 20% with a property value increase of -6.64% recorded in median house prices.
While Caulfield North,3161 ranked number 317th in VIC for increase in median house value (annualised) increase, it is ranked 209th over the last 5 years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Caulfield North, 3161. Typically our figures indicate that -5.45% is being offered, which puts this VIC suburb at 627th most discounted overall in Australia.
Property investors should expect to get $420 weekly from the median priced house in this 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).