At number 2132th in the list of Australian suburbs ordered by increase in median house value over the last year, Caulfield North, 3161 is in the BOTTOM 50% with a property value increase of -2.25% recorded in median house prices.
When looking at the potential capital gains offered to property investors over the last 3 years, Caulfield North comes in at number 675th in VIC.
The most recent median price for Caulfield North is $1836250, with sellers offering an average of -7.69% off the asking price.
Renters in Suburb are facing rents around $40820 per annum or $785 every week.
At number 736th in the list of Australian suburbs ordered by increase in median house value over the last year, Caulfield North, 3161 is in the top half with a property value increase of -1.45% recorded in median house prices.
When looking at the potential capital gains offered to property investors over the last 3 years, Caulfield North comes in at number 263th in VIC.
Vendor discounting in Caulfield North is giving property investors an average Vendor Discount of around -7.45%. This puts suburb at number 62th in VIC when ranking the most discounted suburbs.
With the median price for a house in Caulfield North being $596250 and the advertised rent reaching $475 the gross rental yield for property investors calculates out to be 4.14%
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).