caulfield north
3161, Victoria
Real Estate & Property Information
caulfield north Suburb Profile & Review
Situated just 9km from the city, Caulfield North is largely a Jewish enclave, with the highest Jewish population in Melbourne. There are many synagogues and kosher shops in the area and, as such, properties are highly sought after. It is a close to other affluent suburbs like Malvern and Glen Iris.
Caulfield Racecourse hosts about twenty race days each season, including the prestigious Caulfield Cup. Caulfield Grammar School is among the best schools in Victoria. It is also the second largest, with almost 3000 students located over three campuses around Melbourne. Monash University has a campus in Caulfield, which hosts about 13,000 students. Caulfield Park is great place for a bit of time out, and its sports fields are used by students and clubs alike.
Though Caulfield North is a quiet suburb and there isn't much night-life, St Kilda and Chapel Street are not far away. It is one of the most accessible suburbs via public transport, and two train stations and three tram lines service the area. Despite the variety of housing styles, Caulfield North still retains its homely feel, withstanding the push for housing development in recent years.
caulfield north Demographic Data
$ 1,300,000 Median House Price
20 Minutes Average Commute
37 Median Age
14,554 Population
51.89 % Female
48.11 % Male
3592 NO OF FAMILIES
1.9 AVG CHILDREN PER FAMILY
0.9 AVG MOTOR VEHICLE PER DWELLING
What this means
The following data, without any explanation, is just that, raw data. So in order to help you research the property market, we have outlined what this demographic and real estate information means and how it can be interpreted to help you make a smarter decision when buying or selling your next house or unit in caulfield north, Victoria.
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caulfield north Demographic Data
The demographic data below has been supplied by the Australian Bureau of Statistics (ABS), which is a government body. It is based on Census data collected every 5 years on the Australian population. Although it is dated 2011, this is the latest data available and should give property investors, property buyers and sellers a very good idea when researching or reviewing their suburb.
It’s important to note when looking at this data that you don’t just use it on its own. Consider this demographic and real estate data as a whole and seek advice from a professional when thinking of buying or selling your next property.
What this means
Median values are the most accepted measure of property values in the real estate industry in Australia. The median is the midpoint (the middle) figure when all the sold property prices over a particular period of time are ordered from their lowest to their highest value.
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caulfield north Market Property Types
- 46 % Seperate House
- 18 % Semi Detached
- 36 % Flat or Unit
- 0 % Other Dwelling
What this means
The property type in your suburb will help you identify the density of the area. The greater the number of flats, units and apartments, the more likely it is the suburb has a higher density of living and occupants are more reliant on public transport, cafes, restaurants, convenience stores and amenities, infrastructure and less reliant on their own vehicle for transport.
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caulfield north Market Property Types
Typically, inner city suburbs within 10km of the CBD are comprised of apartments and semi-detached homes, while middle ring suburbs have semi-detached and detached properties. Rural properties would most likely fall under the “other” category.
This ABS Property Type data combined with Population Density and Family Composition figures gives a good indication of the type of people living in an area and therefore what type of property (1-2 bed apartment or house) would be an ideal investment or property to live in.
caulfield north Income & Mortgage Stats
- $ 1,735 Median Weekly Household Income
- $ 2,210 Median Monthly Mortgage
What this means
This is one of the most compelling statistics in this section because it has a profound impact on real estate prices. It should always be considered when buying or selling property in caulfield north
Experts believe mortgage stress occurs in real estate when property owners are spending over 30% of their gross income on their mortgage repayments. These figures show weekly income and monthly mortgages.
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caulfield north Income & Mortgage Stats
To calculate the percentage of income paid towards a mortgage for the suburb of Melbourne, multiply the mortgage payment (e.g. $2450) by 12 then divide this figure by the weekly income (e.g. $1200) multiplied by 52 (weeks) to look like this ($2450 x12/$1200 x 52) x 100 = 47%
Any figure above 30% usually indicates that the suburb you intend to buy in may have property owners with a high incidence of mortgage stress. In terms of maintaining or growing property values in the future and trying to secure a strong property price when selling, this could have an impact, especially in an economic or local industry downturn.
caulfield north Sold Property Prices
7/24 Park Crescent
6/15 Payne Street
101/344 Orrong Road
22 Tennyson Avenue
50 Norwood Road
4 Norwood Road
caulfield north Real Estate Experts
In each suburb we have identified real estate agents who are active local experts. Our goal is to have a network of real estate agents that have been reviewed by previous clients for future buyers and sellers to rely on when making their next property move or even when they just wanting real estate advice.
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caulfield north Restaurants
- Limors67 Kooyong Roadcaulfield north VIC 316103 9509 8183
- The Potsticker58 Hawthorn Rd caulfield north VIC 316103 9500 8819
- Ratchada56 Hawthorn Rd caulfield north VIC 316103 9500 8098
caulfield north Cafes
- Uffizi53 Hawthorn Roadcaulfield north VIC 316103 9528 2544
- Kinch Fine Food100a Hawthorn Roadcaulfield north VIC 316103 9530 0899
- Cafe Uffizi53 Hawthorn Roadcaulfield north VIC 316103 9528 2544
caulfield north Schools
- Leibler-Yavneh College Preschool81 Balaclava Rdcaulfield north VIC 3161(03) 8317 2510Private School
- Melbourne Grammar Junior Prep67 Balaclava Roadcaulfield north VIC 3161(03) 9865 7800Private School
- Shelford Girls Grammar3 Hood Crescentcaulfield north VIC 3161(03) 9524 7333Private School
caulfield north Sporting Centres and Clubs
- Almacaulfield north VIC 3161Bowling Club
- Alma, Caulfied Northcaulfield north VIC 3161Tennis Club & Courts
- Caulfield Park TCcaulfield north VIC 3161Tennis Club & Courts
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