caulfield north

3161, Victoria

Real Estate & Property Information

Median
Price Rank
18

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.

caulfield north Median House Prices

  • 2008 $ 1,147,500
  • 2009 $ 1,160,000
  • 2010 $ 1,170,000
  • 2011 $ 1,400,000
  • 2012 $ 1,300,000

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 5 Year Median House Prices

Here we have outlined the median value for all sales for each year over a period of 5 years. This is a more realistic timeframe when gauging how houses and units in caulfield north have performed, and it usually indicates how they will perform in the future.

Median values less than 3 months old are often not always accurate (due to incomplete data) and therefore cannot be relied upon for long-term caulfield north property price predictions.

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

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.

caulfield north Related Local Blog Posts

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Where is The Property Market Heading?

There has been a lot of “white noise” surrounding the Sydney and Melbourne property market over the last few months and it has taken me a while to determine which way things were actually going to go. Is the Australian property market heading down the gurgler or is this just a glitch?

Property Market Trends in Melbourne Which Could Affect Prices

In this final edition we look at what how the Melbourne property market has fared and what whether we are likely to see any changes in property prices, demand for property and economic drivers.

New Research Shows Consumers Who Don’t Own A Home Could Be Worse Off in Retirement

New Research released last week by Roy Morgan shows that people who don’t own a home have become worse off in terms of their net wealth and are jeopardising their retirement.

Is Australian Housing Heading for a Hard Landing or a Financial Cliff?

From my experience and talking with real estate agents the Melbourne market has softened no doubt, but are we heading towards a financial cliff?

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

Find out How Much your House is Worth in caulfield north

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