Property investors who have had real estate in Caulfield, 3162 should be ok with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 4.49%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Caulfield has increased when compared to the 5 year average annual rate.
On average over the past year, suburb has had 2.67 sales per month, which equates to 32 per year.
With the median price for a house in Caulfield being $1665000 and the advertised rent reaching $650 the gross rental yield for property investors calculates out to be 2.03%
Giving property investors a a solid capital gain of 16.40% for the last year, Caulfield, 3162 is the 165th highest performer in Australia in this respect.
Taking the average capital gain, or increase in median house value, Caulfield,3162 has racked up an average of 16.40% over the period. This ranks it number 446th in the whole country for real estate investors looking at median house price increases.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.14% offered to property buyers. Sellers in Caulfield itself are offering an average vendor discount of -7.51% to real estate investors.
Using the current median advertised rental of $440 and the average annual increase in value of a median property of 6.51%, investors should hope to achieve an overall return of 3.15%