At number 102th in the list of Australian suburbs ordered by increase in median house value over the last year, Caulfield North, 3161 is in the top 10% with a property value increase of 29.41% recorded in median house prices.
If we look at median property appreciation over just the last three months, Caulfield North has given property investors a paper return of 4.07%. This puts Suburb as 158 on a list of fastest fasting appreciating suburbs in VIC
At number 243th of VIC’s most discounted properties, Caulfield North is in the middle of the state/territory when listing in order of most discounted to least.
In the last year 103 properties changed hands in Caulfield North, which puts it as the 219th most active market in VIC when comparing the number of sales per suburb.
Investment property in Caulfield North has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 17.50%
Over the longer term, Caulfield North has seen property prices show investors a 13.42% return over the last 3 years. This is an improvement over the last 12 months
Our latest figures would indicate that property sellers in Caulfield North are currently offering property investors an average price cut of -8.67% below the asking price at the moment.
Renters in Suburb are facing rents around $24908 per annum or $479 every week.
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).