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 -18.80%
Taking the average capital gain, or increase in median house value, Caulfield North,3161 has racked up an average of -18.80% over the period. This ranks it number 3808th in the whole country for real estate investors looking at median house price increases.
Caulfield North3161 is located in VIC which offers an average discount of -6.82% to property investors. Caulfield North itself is showing figures that indicate -7.99% is the average achievable by property buyers investing in the suburb.
In the last year 107 properties changed hands in Caulfield North, which puts it as the 200th most active market in VIC when comparing the number of sales per suburb.
VIC has seen average median house prices change by 0.10% which means that Caulfield North, 3161 has done well for property investors by showing a capital gain of 2.13% over the last year
When looking at the potential capital gains offered to property investors over the last 3 years, Caulfield North comes in at number 282th in VIC.
LACK OF BUYER INTEREST may well be the reason that Caulfield North is offering property investors an average of -6.24. This rate of discount on properties puts Suburb at number 97th in terms of most discounted suburbs in VIC
At number 638 in a list of fastest selling suburbs, Caulfield North is just in the top half of suburbs in Australia with an average of days on market 77.1795 for properties listed there.
Renters in Suburb are facing rents around $24440 per annum or $470 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).