Located in Victoria within the Glen Eira local government area, Caulfield is a medium-sized suburb (postcode 3162). With a population of 5,748, the suburb has a settled mid-life population with a median age of 42. Households earn a median income of $111K per year, with an average household size of 2.4 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.6% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, clerical & administrative. Employment in the area leans toward healthcare and professional services. The top ancestries reported are Australian, English, Polish.
The median house price in Caulfield is $2.3 million, having risen steeply by 30.7% over the past year. Units have a median price of $550,000 (-37% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 1.4%. The median monthly mortgage repayment is $2,500.
Public transport access includes 1 tram stop, 26 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Glen Eira LGA is moderate at 4,737 incidents per 100,000 population.
On the investment side, Caulfield shows a gross rental yield of approximately 1.4%, rated as low yield. Property prices are above the state median ($2.3M/$875K), placing it in the premium segment. The price-to-income ratio of 21.0x is considered stretched. House prices have moved +30.7% year-on-year. Population growth of +1.6% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.