caulfield

3162, Victoria

Real Estate & Property Information

Median
Price Rank
30

caulfield Suburb Profile & Review

Situated just 9km from the city, Caulfield 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 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 by public transport, and two train stations and three tram lines service the area. Despite the variety of housing styles, Caulfield still retains its homely feel, withstanding the push for housing development in recent years.

caulfield Demographic Data

$ 1,100,000 Median House Price

21 Minutes Average Commute

41 Median Age

5,160 Population

52.05 % Female

47.95 % Male

1261 NO OF FAMILIES

1.8 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, Victoria.

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caulfield 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 Median House Prices

  • 2008 $ 912,500
  • 2009 $ 905,000
  • 2010 $ 912,000
  • 2011 $ 1,180,000
  • 2012 $ 1,100,000

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 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 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 property price predictions.

caulfield Market Property Types

  • 46 % Seperate House
  • 28 % Semi Detached
  • 25 % Flat or Unit
  • 1 % 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 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 Income & Mortgage Stats

  • $ 1,420 Median Weekly Household Income
  • $ 2,167 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

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 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 Sold Property Prices

caulfield 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 Related Local Blog Posts

Immigrants Are Pushing House Prices Higher

Much of Australia’s history and success has been built on the back immigration but are the current intake levels too high and how are they impacting prices?

Hangover Stock Brings About Buying Opportunities

This week Melbourne’s auction market has been tested with over 1200 properties reportedly going under the hammer over the weekend. Although both Domain and the REIV show clearance rates at nearly 70%, this on the surface seems good but in actual fact is 10% down for the same time last year. Speaking to a number of agents around town confirms….

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 Restaurants

  • La Porchetta3-5 Derby Rdcaulfield VIC 316203 9572 0594
  • Falafel Omisi359 Hawthorn Rd caulfield VIC 316203 9523 8882
  • Arda Turkish Cuisine619 Glen Huntly Rd caulfield VIC 316203 9530 0193

caulfield Cafes

  • Mocha Green Cafe361 Hawthorn Roadcaulfield VIC 316203 9532 9333
  • Crank Coffee2/14 Aileen Avenuecaulfield VIC 316204 0407 7761
  • The Shebeen Coffee Shop461 Hawthorn Roadcaulfield VIC 316203 9523 7633

caulfield Schools

  • St. Aloysius Primary SchoolCromwell Streetcaulfield VIC 3162(03) 9532 9416Catholic Primary School
  • Caulfield Park Community School319 Balaclava Roadcaulfield VIC 3162(03) 9563 5644State Secondary College
  • Glen Eira College76 Booran Roadcaulfield VIC 3162(03) 9571 7838State Secondary College

caulfield Childcare

  • Abeles Liberman Preschool81 Balaclava Roadcaulfield VIC 3162
  • Shelford CC & Early Learning Ctr1 Hood Crescaulfield VIC 3162

caulfield Kindergarten and Preschools

  • Shelford Anglican Preschool Pre-prep3 Hood Crescaulfield VIC 3162

caulfield Sporting Centres and Clubs

  • Caulfield Parkcaulfield VIC 3162Croquet Club
  • Caulfield Racecoursecaulfield VIC 3162Racing Track
  • Maccabi75 Hawthorn Rdcaulfield VIC 3162Squash Court

Find out How Much your House is Worth in caulfield

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